According to Internet reports, according to Cointelegraph, US SEC Democratic Commissioner Caroline Crenshaw warned that the agency's regulatory strategy for the crypto industry under the leadership of the Trump administration is like a "regulatory overlap" that may endanger market stability. She criticized the SEC for regulating the crypto market through non-enforcement methods, damaging institutional credibility. At the same time, Republican members support the development of the crypto industry and believe that most crypto assets do not fall into the category of securities.