SEC Commissioner Crenshaw Criticizes Agency's Crypto Enforcement Shift

SEC Commissioner Caroline Crenshaw has voiced strong criticism of the agency's recent decisions to drop multiple crypto-related cases, including those against Coinbase, Robinhood, and Gemini. In a statement released this week, Crenshaw argued that these dismissals are unprecedented and undermine established legal principles. She also challenged the SEC's stance that memecoins do not qualify as securities, asserting that this position lacks legal foundation and clarity. Crenshaw warned that the SEC's approach could weaken its ability to combat fraud and erode trust in the agency, potentially giving digital assets preferential treatment over traditional financial instruments. She emphasized that enforcement should continue under the existing legal framework until new regulations or laws are enacted.