Waters Calls for Hearing to Scrutinize SEC's Crypto Policy Changes
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Call for Policy Review: U.S. Representative Maxine Waters has written to House Financial Services Committee Chair French Hill, urging a hearing to examine SEC Chairman Paul Atkins' policy changes regarding crypto cases, reflecting a strong concern for the transparency of SEC policies.
- Enforcement Actions Questioned: Waters pointed out that the SEC has terminated or stayed major enforcement actions against multiple crypto companies, including Coinbase and Binance, during the Trump administration, raising doubts about its independence and market surveillance capabilities, which could lead to decreased investor confidence.
- Concerns Over Politicization: Waters emphasized that the SEC's policy shifts may be politically influenced, arguing that the committee needs to investigate how the SEC intends to deter fraud and market manipulation to maintain market fairness and transparency.
- Uncertain Industry Outlook: With Democrats holding a 75% chance of winning a House majority, Waters' hardline stance could negatively impact the crypto industry, especially as crypto policies become increasingly politicized, posing greater regulatory risks for the sector.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
