Caroline Crenshaw, a prominent crypto skeptic, has officially left the U.S. Securities and Exchange Commission (SEC), resulting in a 3-0 Republican majority on the commission. Crenshaw, known for her focus on investor protection and cautious oversight, often opposed crypto-related approvals, including spot Bitcoin ETFs. Her departure may influence the regulatory landscape for digital assets, affecting the approval process for Bitcoin ETFs, Ethereum products, and tokenized securities. Crenshaw joined the SEC in 2013 and became a Democratic commissioner in 2020. Her tenure was marked by a commitment to rigorous oversight and investor protection, aligning closely with former SEC Chair Gary Gensler's regulatory philosophy. With her exit, the SEC's stance on digital assets remains uncertain, as the commission now operates without Democratic representation, potentially impacting future policy and enforcement priorities in the crypto sector.