The U.S. Securities and Exchange Commission (SEC) has announced the appointment of David Woodcock as the new director of enforcement, effective May 4. Woodcock will replace Margaret Ryan, whose departure has raised questions among lawmakers, particularly concerning the agency's handling of crypto-related cases. The change in leadership comes amid scrutiny over the SEC's recent decisions to drop several high-profile cryptocurrency cases. Lawmakers are seeking clarity on the reasons behind Ryan's exit and the implications for the SEC's future approach to cryptocurrency regulation.