Waters, the House Financial Services Committee’s ranking Democrat, asks Chair French Hill to hold an oversight hearing with SEC Chair Paul Atkins over terminated or stayed crypto enforcement actions involving Coinbase, Binance, Kraken, Ripple, and Justin Sun.
U.S. Representative Maxine Waters asked House Financial Services Committee Chair French Hill to schedule an oversight hearing with SEC Chairman Paul Atkins regarding terminated or stayed crypto enforcement actions. Waters’ letter cites cases involving major cryptocurrency exchanges Coinbase and Binance, as well as Kraken, Ripple, and Justin Sun. She outlines nine areas of concern, including whether decisions were driven by legal judgment or outside pressures, and seeks explanations for dropped or delayed cases, underlying analyses, and impacts of staffing or policy shifts on enforcement and investor protections. Waters also flagged changes in SEC handling since U.S. President Donald Trump took office. The letter was delivered on December 29, 2025; hearing timing depends on the committee’s calendar and Hill’s agreement.