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The U.S. Securities and Exchange Commission (SEC) has announced a new development. Commissioner Caroline Crenshaw has officially announced her departure, which means that by early 2026, the SEC's commission lineup will shift to a full Republican composition. This personnel change has attracted attention in the cryptocurrency industry because the SEC's personnel makeup directly influences the regulatory policy direction for digital assets. Historically, the SEC's attitude and specific regulatory measures toward digital assets have been closely related to the political leanings of the commission. The new composition of the commission could bring a different regulatory approach to the development of the cryptocurrency industry.