Caroline Crenshaw, the tough critic of cryptocurrencies at the SEC, has finally been unable to continue her work.
The Senate Banking Committee directly canceled the vote to allow her to continue, effectively putting an end to this leading opponent of cryptocurrencies.
During her four years at the SEC, Crenshaw acted like the police of the market, constantly claiming it was a place rife with fraud.
Particularly, her steadfast refusal to approve a Bitcoin ETF became her trademark move.
No matter how hard the industry tried or how the courts ruled, she insisted there were shady dealings in the market and that investors were unsafe.
With Crenshaw's departure, it seems the crypto community sees a turning point in their struggle against regulatory authorities.
Her aggressive tactics in Washington are no longer in vogue, and even SEC Chairman Gensler is about to leave, coinciding with President Trump's term.
For the crypto community, this feels like a major victory snatched back from the hands of regulators.
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