Representative Maxine Waters has formally requested a hearing to examine the US Securities and Exchange Commission’s approach to regulating cryptocurrency.
This follows a series of delayed or closed enforcement cases related to digital assets, including notable actions involving Coinbase
$1.44B
, Binance
$6.01B
, and Justin Sun.
Waters sent a letter dated December 28 to French Hill, the chair of the House Financial Services Committee. She called for increased oversight and raised concerns over recent SEC decisions made under Paul Atkins.
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The document outlines ten areas requiring closer inspection, including the dropping or postponement of prominent crypto cases, what appears to be growing independence at the SEC, political factors affecting its work, and looser oversight of emerging market activities.
Waters pointed out that some cases were reported closed even before final votes, which led to questions about the commission’s transparency.
The letter from Waters calls for a discussion of how the SEC intends to address fraud and prevent manipulation in the cryptocurrency industry.
She indicated the need for a hearing to ensure the agency fulfills its responsibilities and that public interests receive adequate protection as digital asset regulations evolve.
Recently, Mike Carey and 17 other bipartisan members of the US House formally asked the Internal Revenue Service to revise the tax treatment of crypto staking rewards before 2026. What did they say? Read the full story.
