SEC Commissioner Caroline Crenshaw, who will depart in January 2025, has criticized the agency's diminishing regulatory standards in the cryptocurrency sector. Crenshaw expressed concerns over enforcement cases being dismissed and penalties reduced, likening the crypto market to a "casino." She highlighted the speculative nature of crypto pricing and the potential risks of contagion if regulatory exceptions are granted to crypto firms. Her departure will leave the SEC with three Republican commissioners, suggesting a possible shift towards more crypto-friendly policies.