#代币经济机制 SEC Anti-Crypto Commissioner Crenshaw Resigns, this signal is worth paying attention to. From an on-chain data perspective, the shift in regulatory attitude often precedes market pricing adjustments.

Recent 24-hour performance observations: BTC+1.33%, ETH+0.94%, but more noteworthy are the abnormal surges in CVX+41.85% and RENDER+19.71% — such productivity tokens' increased buying usually reflects institutional adjustments to policy expectations.

Crenshaw previously spoke out about the lack of clear legal definitions for Meme coins. Her departure may send two signals: first, a loosening of SEC internal attitudes; second, the legal framework discussions related to Meme coins may be coming to an end. From capital flow data, today Venezuela-themed Meme coins like PENGUME and MADURO surged to the top of the trending list. This is not just emotional speculation but a market rapidly digesting regulatory expectation changes.

But caution is necessary: a single personnel change is not enough to support a large-scale market trend. The real inflection point should be observed through policy documents and exchange compliance actions. It is recommended to continue monitoring SEC subsequent statements and the listing strategies of mainstream exchanges — these are the key indicators to verify regulatory turning points.