The US SEC and CFTC are now led by crypto-supporting Republicans.

After the holiday leadership reshuffle at the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), the chairmanship is now held by pro-crypto Republicans, with no opposition from Democrats. Senate Democrats believe that the lack of fully staffed commissioners at market regulatory agencies is a key issue in negotiations over the crypto market structure bill. The only remaining Democratic commissioner, Caroline Crenshaw, left the SEC last week.