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SEC Commissioner Warns of ‘Jenga-Like’ Risks in Crypto Deregulation
SEC Commissioner Warns of ‘Jenga-Like’ Risks in Crypto Deregulation
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SEC Commissioner Caroline Crenshaw sounded the alarm on the agency’s approach to cryptocurrency regulation during the SEC Speaks event on May 19, 2025. The lone Democratic member likened the Trump administration’s deregulatory efforts to a precarious game of Jenga, where removing foundational blocks risks systemic collapse.
Crenshaw criticized the SEC for dismantling critical crypto safeguards without adequate deliberation or public input. The agency’s reliance on informal guidance, she argued, creates instability in digital asset markets—a sector already prone to volatility. Her warnings come as regulators worldwide grapple with balancing innovation against investor protection.
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