A few Republicans have crypto's destiny in their hands at the SEC, CFTC

Due to recent leadership shifts, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are now entirely controlled by Republican crypto advocates, following the departure of the SEC's last Democrat commissioner, Caroline Crenshaw, and the installation of Mike Selig as the new CFTC chairman. This situation means that key figures like SEC Chairman Paul Atkins and commissioners Hester Peirce and Mark Uyeda, alongside Selig, are driving crypto policy without routine Democratic opposition. While this favors crypto-friendly policy, the lack of bipartisan representation is a sticking point in the Senate's debate over establishing a comprehensive U.S. crypto regulatory regime, as Democrats demand their party's vacancies be filled. Both agencies are aggressively pursuing crypto rules, with the SEC prioritizing digital assets and the CFTC advancing policies, intending to finalize regulations even if Congress delays passing market structure legislation. If a bill passes, the permanent rulemaking process would be entirely in the hands of these Republican commissioners.

(Source：CoinDesk)