A significant shift just happened at the SEC. Caroline Crenshaw, the commissioner known for taking hardline positions against crypto, has stepped down. What's the bigger picture here? The agency is now controlled by a Republican supermajority—three commissioners aligned on the same side.

Crenshaw had consistently pushed back on crypto narratives, particularly questioning whether digital assets delivered real economic value. Her position? Most participants were chasing speculation rather than building something meaningful.

With her departure, the regulatory landscape tilts noticeably. The new composition signals a potential thaw in the SEC's approach to digital assets—though how this actually plays out in policy remains to be seen. Markets are already paying attention.