Caroline Crenshaw, the sole Democratic member leading the US SEC, will depart after more than five years. She criticized the agency’s handling of digital assets and warned against weakening regulations that could cause market contagion. Her exit leaves the SEC with three Republican commissioners, with no Democrat replacements announced yet.

The US CFTC, overseeing digital assets, also faces a leadership shortage. Michael Selig was confirmed as chair, but is the sole commissioner with four empty seats. Acting chair Caroline Pham left for MoonPay. Under Trump, regulators softened their stance on digital assets, prompting calls for oversight hearings.

Representative Maxine Waters demanded an oversight hearing on the SEC’s dismissal of crypto cases and policy changes. Crenshaw’s departure leaves the SEC with a Republican majority, as the agency continues to navigate the evolving landscape of digital assets.

Read more at Cointelegraph: SEC Commissioner to Depart, Leaving only Republican Members