Senior Democrat Maxine Waters is pushing for a congressional hearing with SEC Chairman Paul Atkins to explain why the agency has dropped or delayed several high-profile crypto enforcement cases. She argues these decisions may weaken securities law enforcement and investor protections. The request highlights growing political scrutiny of the SEC’s crypto oversight approach.
about Waters Demands SEC Hearing Over Dropped Crypto CasesMaxine Waters
0 posts last weekWaters Demands SEC Oversight Amid Crypto Enforcement Collapse
In a formal request for congressional oversight, Representative Maxine Waters has sounded the alarm over what she characterizes as a dramatic and potentially politicized retreat from cryptocurrency enforcement at the Securities and Exchange Commission. Citing data showing approximately 60% of crypto cases dismissed since January and zero new actions filed in 2025, Waters’ letter to Committee Chair French Hill demands a hearing with SEC Chairman Paul Atkins, raising fundamental questions about regulatory independence and investor protection under the new administration.
about Waters Demands SEC Oversight Amid Crypto Enforcement CollapseSenator Accuses Binance of Corruption in Trump Pardon Deal
Democratic Senator Chris Murphy has launched explosive allegations that cryptocurrency exchange Binance engaged in a corrupt quid pro quo arrangement, facilitating Trump’s crypto ventures in exchange for a presidential pardon for founder Changpeng Zhao. The accusations emerged after Binance US listed Trump’s USD1 stablecoin just one week following Zhao’s pardon for money laundering violations, triggering a political firestorm in Washington and condemnation from prominent Democrats who view the pardon as evidence of systemic corruption.
about Senator Accuses Binance of Corruption in Trump Pardon DealWaters Slams Trump’s Binance Founder Pardon as Corruption
Top House Democrat Maxine Waters has condemned President Trump’s pardon of Binance co-founder Changpeng Zhao as a corrupt political favor, alleging Trump rewarded crypto criminals who financially supported his campaigns. The controversy exposes deep political divisions over cryptocurrency regulation and executive pardon authority, with Waters characterizing the move as ‘an appalling but unsurprising reflection of his presidency’ while Trump defended his decision by claiming multiple people told him Zhao’s actions ‘is not even a crime.’
about Waters Slams Trump's Binance Founder Pardon as CorruptionTrump Pardons Binance Founder CZ, Sparks Corruption Claims
Former President Donald Trump’s full pardon of Binance founder Changpeng “CZ” Zhao has ignited a political firestorm, with prominent Democrats accusing the administration of “pay-to-play corruption” tied to Trump’s crypto ventures. Zhao, who served four months for violating U.S. anti-money-laundering laws, had reportedly funneled billions into Trump’s personal crypto company, World Liberty Financial, raising serious questions about the intersection of presidential power, financial interests, and the rapidly evolving cryptocurrency landscape.
about Trump Pardons Binance Founder CZ, Sparks Corruption ClaimsSenators Probe Trump Officials Over UAE Crypto Deal Ethics
Democratic Senators Elizabeth Warren and Elissa Slotkin are demanding investigations into potential ethics violations by Trump administration officials regarding a $2 billion UAE investment in World Liberty Financial. The probe centers on interconnected deals involving AI chip exports and the Trump family’s cryptocurrency venture. The senators allege the transactions created troubling conflicts of interest and national security concerns.
about Senators Probe Trump Officials Over UAE Crypto Deal EthicsHouse Panel Urges SEC to Fast-Track Crypto 401(k) Access
A bipartisan coalition on the House Financial Services Committee is pressing the Securities and Exchange Commission (SEC) to swiftly implement President Donald Trump’s executive order, paving the way for cryptocurrency investments in 401(k) retirement plans. In a September 22 letter to SEC Chairman Paul Atkins, the lawmakers argue that expanding access to alternative assets is crucial for helping 90 million Americans secure better retirement outcomes, signaling a significant potential shift for the $12.2 trillion defined-contribution market.
about House Panel Urges SEC to Fast-Track Crypto 401(k) AccessWarren Warns CLARITY Act May Undermine SEC Oversight
The CLARITY Act, advancing through Congress, proposes shifting oversight of certain tokens from the SEC to the CFTC, potentially enabling companies to avoid traditional securities regulations. Senator Elizabeth Warren argues this could undermine the NYSE and expose retail investors to unchecked risks. Meanwhile, industry leaders like Ripple’s CEO advocate for regulatory clarity, while critics fear deregulation could invite fraud. The bill’s fate hinges on Senate approval, with President Trump signaling support. The outcome may reshape crypto’s role in traditional finance.
about Warren Warns CLARITY Act May Undermine SEC OversightUS Democrats Slam Crypto, Push for CBDC Amid Controversy
Democratic lawmakers, including Rep. Maxine Waters and Rep. Stephen Lynch, publicly condemned cryptocurrencies as a ‘scam’ during a press conference, urging the adoption of a central bank digital currency (CBDC). Waters criticized the CBDC Anti-Surveillance State Act, which seeks to block a government-backed digital dollar, labeling it the ‘anti-innovation act.’ She also warned that opposing CBDCs and stablecoin regulation could jeopardize national security. Lynch echoed the sentiment, dismissing crypto as lacking legitimate use cases. The debate highlights growing political tensions over digital currency regulation in the US.
about US Democrats Slam Crypto, Push for CBDC Amid ControversyWaters Warns Crypto Bills Threaten Consumer Protections
Rep. Maxine Waters (D-Calif.) has criticized the GENIUS and CLARITY Acts, arguing they prioritize crypto industry interests over consumer safety and weaken SEC oversight. She warns the bills could enable fraud, reduce stablecoin regulation, and create national security risks by exempting DeFi from oversight. The legislation reflects a broader shift in U.S. crypto policy under Trump, whose family has financial ties to the industry. Waters and other lawmakers have pushed for stricter rules to prevent presidential profiteering, but progress has been slow. The outcome could influence global crypto regulations, as the U.S. remains a key market leader. Critics argue the bills favor Wall Street and Big Tech, undermining claims of financial democratization.
about Waters Warns Crypto Bills Threaten Consumer ProtectionsDemocrats Launch ‘Anti-Crypto Corruption Week’ to Block GOP Bills
Democratic lawmakers, including Maxine Waters and Stephen Lynch, announced ‘Anti-Crypto Corruption Week’ to counter Republican-led crypto bills such as the GENIUS Act, CLARITY Act, and an anti-CBDC proposal. They argue these bills could enable fraud, benefit Trump-linked ventures, and lack safeguards for consumers and national security. Waters criticized Republicans for prioritizing crypto lobby interests over public trust, while Lynch warned that blocking CBDC research could cede technological leadership to China. The move aligns with broader Democratic skepticism toward crypto, as seen in state-level bans and vocal opposition from figures like Elizabeth Warren.
about Democrats Launch 'Anti-Crypto Corruption Week' to Block GOP BillsHouse GOP’s ‘Crypto Week’ Faces Democratic Pushback
House Republicans have announced a ‘crypto week’ to debate three digital asset bills, covering stablecoins, crypto market structure, and CBDCs. However, Democratic leaders, including Reps. Maxine Waters and Stephen Lynch, are opposing the effort, calling the legislation ‘dangerous.’ The deepening partisan divide highlights the challenges in crafting bipartisan crypto regulations in the US Congress.
about House GOP's 'Crypto Week' Faces Democratic Pushback