Photoreceptor cryptochromes (CRYs) mediate blue‐light regulation of plant growth and development. It has been reported that Arabidopsis CRY1 and CRY2 function by physically interacting with at least 84 proteins, including transcription factors or co‐factors, chromatin regulators, splicing factors, mRNA methyltransferases, DNA repair proteins, E3 ubiquitin ligases, protein kinases and so on. Of these 84 proteins, 47 have been reported to exhibit altered binding affinity to CRYs in response to blue light, and 41 have been shown to exhibit condensation to CRY photobodies. The blue light‐regulated composition or condensation of CRY complexes results in changes of gene expression and developmental programs. In this mini‐review, we analyzed recent studies of the photo‐regulatory mechanisms of Arabidopsis CRY complexes and proposed the dual mechanisms of action, including the “Lock‐and‐Key” and the “Liquid‐Liquid Phase Separation (LLPS)” mechanisms. The dual CRY action mechanisms explain, at least partially, the structural diversity of CRY‐interacting proteins and the functional diversity of the CRY photoreceptors.This article is protected by copyright. All rights reserved.