Democrats criticize SEC chair for neglecting Trump-linked crypto cases

U.S. Democratic lawmakers criticized U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins during a House hearing, accusing him of neglecting cryptocurrency issues linked to President Donald Trump and thereby damaging market confidence. According to Decrypt, Representative Stephen Lynch stated that the SEC is dropping key lawsuits against several crypto companies, including Binance. He argued that the agency's reputation has been severely damaged and that public trust is rapidly eroding, a situation he described as detrimental to both the crypto industry and consumers.