US Representative Maxine Waters is calling for a hearing with SEC chairman Paul Atkins due to concerns over the agency’s dismissal of major crypto cases and other policy changes. Waters outlined 10 points of contention, including issues with market surveillance and the SEC’s independence. She criticized the agency for terminating enforcement actions against companies like Coinbase and Binance. Waters wants the FSC to scrutinize the SEC’s approach to fraud and manipulation. Atkins, appointed by Trump, has taken a more crypto-friendly approach at the SEC, with lawsuits and investigations on hold, relaxed rules for crypto ETFs, and proactive steps towards crypto regulation. Waters has been critical of the industry and Republican Party’s stance on crypto in the past, warning about potential fraud and financial ruin. The Democrats’ hard line on crypto could pose challenges for the industry, as they have a strong chance of winning a House majority.

Read more at Cointelegraph: Waters Demands Oversight Hearing For SEC’s Crypto Stance