As the probability of Democrats winning seats in the US House of Representatives rises, Waters criticizes the crypto policies of the US SEC Chairman.

PANews, December 30 — According to CoinDesk, on the prediction market Kalshi, Democrats are favored with a 75% chance of winning the majority of seats in the U.S. House of Representatives in 2026. Against this backdrop, new criticisms from Representative Maxine Waters regarding U.S. SEC Chair Paul Atkins' cryptocurrency policies may spark greater reactions. Although Congress is still on winter recess, the senior Democrat on the House Financial Services Committee called on Monday for Atkins to testify before the committee, seeking an explanation for the termination of major enforcement actions in the digital asset industry.

In a letter to the committee's Republican chair, Representative French Hill, Waters wrote: "The SEC has terminated or suspended significant enforcement actions against several crypto companies and individuals accused of serious securities law violations, including a certain exchange and Justin Sun. The committee has neither reviewed the reasons for the SEC dropping these cases nor examined how the agency intends to curb fraud and manipulation in markets involving millions of retail investors." Waters argued that some companies that escaped SEC cases announced the termination of these cases before the committee actually voted, and she insisted that Atkins' office "played an unusually active role in negotiating the resolution of these cases." The SEC did not immediately respond to CoinDesk's request for comment.

Previous reports indicated that the U.S. SEC has dropped 60% of crypto cases inherited from the Biden era, most of which involved business dealings with the Trump family.