Lawmaker Slams SEC for Dropping Major Crypto Cases

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In her letter, Maxine Waters raised alarm over the SEC’s decision to dismiss or pause enforcement actions against major crypto firms, including Coinbase, Binance, and Justin Sun. She claimed some companies announced case dismissals before the SEC had even formally voted, raising concerns about due process and transparency.

Waters outlined ten issues she believes require urgent scrutiny, including weakened market surveillance, politicization of the agency, and uncertainty over how the SEC plans to deter fraud and manipulation in crypto markets.

[tradelikepro]

sec enforcement uncertainty = price volatility. hearings like this could clarify signals for institutions