Democratic Congresswoman Waters criticizes SEC Chair Atkins for halting cryptocurrency enforcement actions and calls for a hearing

TechFlow news, December 30 — According to CoinDesk, House Financial Services Committee Democratic senior member Maxine Waters sent a letter to Republican Chair French Hill this week, requesting SEC Chairman Paul Atkins to appear at a hearing regarding the termination of major enforcement actions against crypto firms including Coinbase, Binance, and Justin Sun. Waters questioned the rationale for the SEC's dismissal of these cases and how market fraud will be prevented, noting that some companies announced the termination before the Commission's formal vote. She also criticized Atkins for using the SEC agenda as a government tool, implementing policy changes through staff statements rather than formal rulemaking.