SEC Commissioner Crenshaw warns of the risks of "regulatory building blocks": excessive relaxation could trigger a new round of financial crisis

PANews reported on May 20th that according to the SEC website, SEC Commissioner Caroline A. Crenshaw delivered a speech at the "SEC Speaks" conference, warning that the current regulatory environment is falling into a "dangerous game of building blocks", continuously weakening key rules and enforcement, which could potentially undermine the market's foundation. She pointed out that phenomena such as lax stablecoin regulation, enforcement retreat, and staff turnover might repeat the regulatory failures before the 2008 financial crisis, ultimately causing ordinary investors to pay the price. Crenshaw called for restoring the importance of the SEC's institutional integrity to avoid repeating past mistakes.