US lawmakers questioned SEC Chair Paul Atkins on enforcement actions against the crypto industry, citing a 60% drop in cases since Trump took office. Dismissed lawsuits, including against Binance, and foreign investments in World Liberty Financial (WLFI) raised concerns. Atkins defended the SEC’s efforts amid Democratic worries about national security implications.

California Rep. Maxine Waters accused the SEC of politically motivated dismissals, suggesting ties between crypto industry figures benefiting from dropped lawsuits and Trump’s family. Waters has called for probes into potential bribery through crypto projects involving the president’s family.

The comments come amid a US midterm election year and signify potential Democratic resistance toward crypto industry pardons and lawsuits. If Democrats regain control of Congress, market structure legislation could face obstacles. Concerns about national security and bribery through crypto projects persist.

Read more at Cointelegraph: SEC’s Cooled Enforcement Policy ‘Not Good’ for Crypto Industry: Congressman