Crenshaw’s anti-crypto policies faced backlash: During her term, Crenshaw’s rejection of Bitcoin ETFs and stringent regulations led to criticism from industry leaders like Brian Armstrong. Her classification of crypto as “petri dishes of fraud” did not facilitate the growth of the sector, further provoking backlash from the community.

Shifts in SEC leadership could ease regulations: The cancellation of her renomination and the impending resignation of Chair Gary Gensler suggest a possible shift towards more lenient crypto regulations. This change may align with rising support for the industry amid growing concerns over excessive enforcement measures by the SEC.