The crypto industry has achieved a notable victory with the departure of SEC Commissioner Caroline Crenshaw, known for her firm anti-crypto stance. The Senate Banking Committee’s decision to cancel her renomination effectively ends her tenure, signaling potential regulatory shifts.
A Controversial Tenure
Crenshaw, who joined the SEC in 2020, was a close ally of SEC Chair Gary Gensler. During her time, she vehemently opposed approving Bitcoin spot ETFs and other significant crypto policies. Her aggressive approach to enforcement actions shaped much of the SEC’s stance on cryptocurrencies, particularly in legal battles like the Ripple Labs case.
Her exit marks a turning point, with hopes of reduced enforcement-heavy measures and clearer regulatory guidelines for the crypto sector.