The U.S. Securities and Exchange Commission (SEC) officially announced the departure of Commissioner Caroline Crenshaw. Crenshaw, a crypto skeptic, had previously stated that the SEC's guidance on Meme coin lacked a clear legal definition. However, in February, she published "Crypto 2.0: Regulatory Whip," arguing that Coinbase's enforcement actions damaged regulatory credibility and misled people into believing that law enforcement resources were deployed based on election cycles or favoring the wealthy, drawing criticism. She maintained that the SEC's role was to do the right thing for investors, issuers, and capital markets.