Waters targets SEC crypto stance as Democrats eye House majority

Democratic Representative Maxine Waters has renewed criticism of the US Securities and Exchange Commission’s crypto policies.

Waters is the ranking Democrat on the House Financial Services Committee.

She could reclaim the committee chairmanship if Democrats retake the House in 2026.

Prediction market Kalshi currently gives Democrats a 75% chance of winning the House majority.

Waters called for SEC Chairman Paul Atkins to testify before the committee.

She made the request during Congress’s winter recess.

Waters said the committee must examine the SEC’s recent crypto enforcement reversals.

The SEC has terminated or stayed major enforcement actions against multiple crypto companies.

Maxine Waters said.

She cited cases involving Coinbase, Binance and Justin Sun.

Waters said those firms had faced credible allegations of securities law violations.

She argued the committee has not scrutinised why the SEC abandoned the cases.

Waters questioned how the agency plans to deter fraud and market manipulation.