Major shift incoming at the SEC. Commissioner Caroline Crenshaw is stepping down this week, which means the agency is about to have an all-Republican composition. Here's what matters: with crypto enforcement cooling down, this transition could signal a noteworthy policy recalibration. The Republican-led SEC is expected to take a markedly different approach compared to the previous administration's aggressive stance. For the crypto industry, this potentially translates to less stringent regulatory pressure and more constructive dialogue around digital asset frameworks. Market participants are watching closely to see how this reshuffles enforcement priorities and policy direction.