The crypto regulatory landscape may be shifting. SEC Commissioner Caroline Crenshaw has departed the agency, resulting in an all-Republican commission—a notable change in the watchdog's composition. During her tenure, Crenshaw consistently opposed major crypto milestones like spot Bitcoin ETF approvals and XRP product clearances, citing investor protection concerns. Her exit could indicate a turning point toward more industry-accommodating regulatory stances. With her dissenting voice no longer at the table, the commission's future crypto policy direction warrants close attention from market participants and project teams alike.