Changes in the leadership of the U.S. Securities and Exchange Commission (SEC) are reshaping its internal balance, while the cryptocurrency regulatory landscape remains uncertain. Commissioner Caroline Crenshaw, who repeatedly emphasized investor protection and took a cautious approach to digital assets, has left the agency. Her departure has reduced the SEC to fewer than five commissioners, meaning each remaining commissioner’s vote carries greater weight in cryptocurrency-related enforcement actions and regulatory guidance. Given that the composition of the commission is a key factor in shaping digital asset policies amid current legislative debates, the timing of appointing new commissioners is crucial.