Lawmakers Blast SEC Chair for Weakening Crypto Oversight

Published at 2026-02-11 18:16:21

Lawmakers have publicly rebuked the SEC Chair for actions they say have weakened oversight of the crypto market, a spotlight arriving as prices continue to slide. Critics argued the regulatory posture, combined with headlines about President Trump’s crypto-related activity, has undermined investor confidence and amplified sell pressure, increasing scrutiny on how policy choices affect market stability.

The exchange highlights growing political sensitivity around digital-asset rules and the real-world impact of regulatory signaling. Market participants warn that uncertainty and perceived political influence can heighten volatility and deter institutional flows, while lawmakers’ comments raise the odds of closer congressional scrutiny or policy proposals. Traders, platforms, and investors will be watching for follow-up steps that could reshape enforcement and market expectations.

Share on:

Related news

Circle Defends USDC Freezes Following $270M Drift Protocol Hack

Circle’s CEO defended the company’s authority to freeze USDC after the $270 million Drift Protocol exploit and urged faster legal frameworks to enable rapid, lawful responses to crypto hacks.

Published at 2026-04-10 12:45:08
Russia to Ban Cash-for-Crypto Trades, Require Bank-Mediated Transactions

Russia will prohibit cash-for-crypto transactions and require trades to go through cashless, bank-mediated channels, a senior central bank official said. The measure is meant to increase oversight of crypto-related flows and clamp down on informal peer-to-peer markets.

Kraken's Federal Reserve master account raises U.S. financial risk concerns

Kraken has secured a master account with the Federal Reserve, but the risk-mitigation conditions tied to the account — and similar approvals that may follow — could introduce new vulnerabilities in the U.S. financial system.

HSBC, Standard Chartered Secure Hong Kong's First Stablecoin Licenses

The Hong Kong Monetary Authority has granted HSBC and Standard Chartered Group the first licenses under the territory’s Stablecoins Ordinance, which took effect in August 2025. The approvals mark a regulatory milestone that could accelerate bank-led stablecoin activity in the region.

Japan Reclassifies Crypto as Financial Instruments, Tightens Rules

Japan’s cabinet has reclassified cryptocurrencies as financial instruments and will introduce bans on insider trading plus annual disclosure requirements for token issuers. The measures aim to strengthen investor protection and bring crypto closer to regulated markets.