In brief
- House Democrats accused SEC Chair Paul Atkins of eroding trust in both the agency and the crypto industry.
- During a hearing before a House committee, lawmakers highlighted the SEC’s dismissal of crypto cases with ties to the Trump family.
- As crypto markets lose over $1 trillion in value, some say Trump’s involvement in crypto is damaging investor confidence.
Democratic lawmakers skewered SEC Chair Paul Atkins at a hearing Wednesday, accusing the regulator of turning a blind eye to crypto scams with connections to President Donald Trump—and weakening the legitimacy of the digital assets industry as a result.
“People are losing trust,” Rep. Stephen Lynch (D-MA) told Atkins during a Wednesday hearing before the House…
