Rep. Maxine Waters criticizes SEC for halting crypto enforcement actions

Representative Maxine Waters, the ranking Democratic member of the U.S. House Financial Services Committee, has criticized the Securities and Exchange Commission (SEC) for halting enforcement actions against cryptocurrency firms, CoinDesk reported. In a letter to the committee's chairman, French Hill, Waters stated that the SEC has suspended or dropped actions against numerous companies and individuals accused of securities law violations, including Coinbase, Binance, and Justin Sun. She also asserted that the committee has failed to properly investigate why the SEC abandoned these actions or how it plans to prevent future fraud and manipulation.