Caroline Crenshaw leaves SEC, making the commission all-Republican. Pro-crypto rulemaking expected in banner year for crypto. Senate set for vote on crypto market structure bill. SEC must follow notice-and-comment rulemaking process to avoid legal action. Despite constraints, observers predict significant changes in crypto regulations from the SEC.
SEC Commissioner Caroline Crenshaw, confirmed in August 2020, was the last skeptic at the SEC. Senate Banking Committee canceled vote to renominate her in December 2025 due to lobbying. SEC currently has three Republican commissioners. Law mandates bipartisan agency, but majority often reflects White House party.
Republican dominance extends to other federal agencies like CFTC and FTC. CFTC now run by Republican Michael Selig after lengthy process. Similar situation at the FTC where Trump fired Democratic Commissioner Slaughter. Supreme Court may side with Trump in case Trump v. Slaughter. Trump also fired three Democratic commissioners at CPSC.
Trump administration’s effort to concentrate control over administrative agencies noted as unprecedented. Supreme Court hears arguments in Trump v. Slaughter case. Justice Kagan warns of unchecked presidential power. DOJ lawyers use unitary executive theory in defense. Trump’s actions raise concerns about administrative agency control. Conservative legal theory argues that the president has sole authority over the executive branch, including federal agencies. The Heritage Foundation supports this view. Amit Agarwal from Protect Democracy warns that allowing the president to replace agency heads at will puts everything at risk. The SEC must follow rule-making procedures as it tackles crypto laws, with strong single-party backing. Magazine details changes in crypto laws from 2025 to 2026.
Read more at Cointelegraph.com
Bitcoin reaches new all-time high of $60,000, driven by increased institutional interest and positive sentiment in the market. Analysts predict further price growth as more companies adopt cryptocurrency as a store of value and payment method. Market cap of Bitcoin surpasses $1 trillion for the first time in history.
Ethereum price breaks $2,000 barrier for the first time, fueled by strong demand for decentralized finance (DeFi) applications and the upcoming Ethereum 2.0 upgrade. The network’s market cap exceeds $200 billion, solidifying its position as the second-largest cryptocurrency by market value.
Tesla announces purchase of $1.5 billion worth of Bitcoin and plans to accept the cryptocurrency as payment for its products. CEO Elon Musk’s endorsement of Bitcoin as a legitimate form of currency boosts investor confidence and drives up the price of the digital asset. Market reacts positively to the news, pushing Bitcoin to new highs.: All-Republican SEC ‘Unusual’ With Pro-Crypto Agenda Likely