2026-01-02 19:20:29

The digital asset regulatory ecosystem in the United States is experiencing a chain reaction of personnel and policy changes.

SEC Democrat Commissioner Caroline Crenshaw is about to leave. Since joining in August 2020, she has questioned the SEC's cryptocurrency policies on multiple occasions, becoming one of the few dissenting voices within the regulatory body. Her departure means the SEC will be left with only three Republican commissioners, two of whom are nominated by the current U.S. President. There is currently no new Democratic nominee information.

A similar vacancy has also arisen at the CFTC. The agency's new chairman, Michael Selig, is currently the only sitting commissioner, and Caroline Pham subsequently resigned to join MoonPay as Chief Legal Officer.

Interestingly, with the changes in leadership composition, both agencies have noticeably relaxed their stance on digital assets. The number of enforcement actions has decreased, and communication with crypto project teams has increased. In terms of regulatory style, the overall tone has shifted from previous high-pressure tactics to a relatively moderate interaction mode. For Web3 companies that are adjusting their compliance strategies, this is undoubtedly a signal worth paying close attention to.

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governance_lurker

· 3h ago

Damn, is Crenshaw leaving? Then the SEC is really about to change hands. Wow, from high pressure to gentle, this shift is a bit quick... gotta keep an eye on it. Wait, Caroline Pham going to MoonPay as General Counsel? This connection is quite interesting. Is the regulatory wind turning? Is the spring of Web3 here or is autumn coming? Basically, the Republican Party has absolute dominance in discourse, and how things will play out depends on the follow-up. This wave of personnel changes is actually just preparation, paving the way for certain things. Not a single voice from the Democratic Party remains; this needs to be watched carefully.

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ponzi_poet

· 3h ago

Wow, Crenshaw is gone? Then the SEC is really about to change, and the crypto world can finally breathe a sigh of relief.

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SleepyValidator

· 3h ago

Uh... Crenshaw is gone, and the SEC has directly become the Republican Party's turf. Does this mean cryptocurrencies no longer need to be targeted? I feel this personnel change is a signal; the previous high-pressure policies are coming to an end. How to say, fewer enforcement actions and more communication—that's the pace I want to see. Did Caroline Pham go to MoonPay? Regulatory officials are directly entering the industry. What does this indicate... Finally, we don't have to be called criminals every day. This shift is a bit sudden. Selig single-handedly supports the CFTC—really impressive. Is it really operating like this? This round of personnel changes is definitely good for on-chain projects, but it feels like a new round of political games is starting. From high pressure to moderation, is the change so quick, or was it all just a show before?

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WhaleInTraining

· 4h ago

Damn, as soon as Crenshaw leaves, the SEC is left with only the Republican Party. Does this mean crypto will have a good time now? The regulatory attitude has indeed softened, but it feels a bit too quick. Finally, we don't have to be terrified by law enforcement every day. This is the normal interaction. Caroline Pham directly jumping to MoonPay—this move is quite interesting. Wait, Michael Selig is supporting the CFTC alone? That’s too outrageous. So the underlying logic is to change people and policies. Now the big positive news is coming, right? But don’t celebrate too early. What if new Democrats come in later? It feels like this wave of change in attitude means Web3 companies need to quickly get their compliance in order. From high pressure to moderation, this speed is a bit fast. It doesn’t seem that simple. Are regulatory agencies really competing for talent? This industry has really changed.

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DarkPoolWatcher

· 4h ago

Damn, this is what "personnel is policy" means. With Crenshaw gone, there's really no one to hold things down anymore. The policy direction has shifted, enforcement is loosening as well, this signal is too obvious. The previous strict guard is really gone now. Caroline Pham directly switching to MoonPay? Ha, now that's a clear expression of stance. Wait... SEC only has Republicans left? Are we entering a new era? I just want to know when the Democrats' seats will be filled. It's still hanging in the air. From high pressure to moderation, but the question is how long can this moderation last? Political winds can change in an instant. Those projects that were scared before should be able to breathe easier now, but I still need to see what happens next... Is this move a bit too obvious? Feels like there's no way around "personnel choosing policy."

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