SEC crypto critic Caroline Crenshaw resigns

Caroline Crenshaw, the sole Democratic commissioner at the U.S. Securities and Exchange Commission (SEC) and a vocal critic of cryptocurrency, is leaving the agency, DL News reported. Appointed in 2020, Crenshaw has consistently advocated for strict regulation of the crypto industry. She was a prominent opponent of the spot Bitcoin ETF approvals in January 2024. The outlet noted that her departure could lead to a more industry-friendly regulatory environment in the U.S.