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Behind the SEC Executive Departure: Who Decides the Cryptocurrency Regulatory Stance?
【BitPush】The U.S. Securities and Exchange Commission (SEC) has officially announced that Commissioner Caroline Crenshaw has resigned. This long-time regulator, who has been skeptical of cryptocurrencies, previously questioned the U.S. SEC’s guidance on Meme coins, arguing that it lacked a clear legal definition.
Interestingly, in February of this year, she also released a report titled “Crypto 2.0: Regulatory Incentives,” criticizing the enforcement action against Coinbase as severely damaging the credibility of regulatory agencies. She believed that the deployment of enforcement resources seemed to depend more on election cycles or catering to the interests of the wealthy, sparking considerable controversy within the industry.
This personnel change somewhat reflects certain issues: What exactly are the SEC’s true responsibilities? Is it to make the right choices for investors, issuers, and the capital markets, or are there other considerations? With the departure of senior executives, the regulatory direction of cryptocurrencies may see adjustments, which the market is closely watching.