SEC Commissioner Caroline Crenshaw, who is set to depart in less than a month, has criticized the agency's weakened enforcement of cryptocurrency regulations. Speaking at the Brookings Institution, Crenshaw expressed concerns over the SEC's current approach, which she claims has led to a "casino-like" market environment. She highlighted issues such as dismissed cases, reduced penalties, and a decrease in lawsuits as contributing factors. Crenshaw's comments come amid a global push for stricter regulatory oversight, with initiatives like the EU Markets in Crypto-Assets Regulation leading the charge. She also emphasized the importance of enhancing measures to counter the financing of terrorism through digital assets, underscoring the need for more robust regulatory frameworks.