SEC Commissioner to Depart, Leaving only Republican Members

SEC Commissioner Caroline Crenshaw, the agency's only Democrat, is set to depart this week, 18 months after her term officially ended in June 2024. Her departure will leave the SEC with three Republican commissioners, two of whom were nominated by former President Donald Trump. Crenshaw had frequently criticized the SEC's handling of digital assets, notably opposing the settlement with Ripple Labs. Meanwhile, another key regulator, the Commodity Futures Trading Commission (CFTC), is also facing leadership shortages, with only one confirmed commissioner, Michael Selig, following the departure of Acting Chair Caroline Pham. Both agencies, under Trump-approved leadership, have reportedly softened their stance on digital assets compared to the previous administration, prompting Representative Maxine Waters to call for a hearing regarding the dismissal of crypto enforcement cases.

(Source：Cointelegraph)