SEC Commissioner Caroline Crenshaw Criticizes Crypto Regulation

According to Cointelegraph, U.S. SEC Democratic Commissioner Caroline Crenshaw has warned that the agency's regulatory strategy for the crypto industry under the Trump administration is like a "regulatory stack" that could endanger market stability. She criticized the SEC for regulating the crypto market through non-enforcement methods, which damaged the agency's credibility. At the same time, Republican commissioners support the development of the crypto industry, arguing that most crypto assets do not belong to the category of securities.