Waters Criticizes SEC’s Crypto Enforcement Retreat Amid Political Shifts
Congresswoman Maxine Waters, ranking Democrat on the House Financial Services Committee, has demanded scrutiny of the SEC's abrupt withdrawal from cryptocurrency enforcement cases. The move comes as prediction markets assign 75% odds to Democrats reclaiming House control in 2026—a shift that could see Waters chairing the committee and reshaping digital asset oversight.
The SEC under Chairman Paul Atkins has quietly dropped multiple crypto-related legal actions since the TRUMP administration's regulatory overhaul. Waters' letter to Chairman French Hill highlights concerns over unilateral policy changes that removed key investor protections without congressional consultation.