Caroline Crenshaw is no longer going to accurate renomination as Securities and Substitute Commission commissioner following the cancellation of the next day’s Senate Banking Committee scheduled markup vote, according to FOX Industry journalist Eleanor Terrett.
🚨BREAKING: A Senate aide has factual suggested me that the next day’s Senate Banking Committee scheduled markup vote on @SECGov Commissioner Caroline Crenshaw has been canceled.
She is per chance no longer renominated to her location.
— Eleanor Terrett (@EleanorTerrett) December 17, 2024
Crenshaw, first appointed to the SEC in 2020 under the Trump administration and renominated by President Biden, has aligned closely with SEC Chairman Gary Gensler on regulatory matters. Her tenure has been marked by opposition to crypto insurance policies, including her stance in opposition to space Bitcoin ETF approvals.
The crypto commerce mounted opposition to her reappointment remark by coordinated efforts, including digital promoting campaigns concentrating on lawmakers.
Industry leaders, including Gemini’s Tyler Winklevoss and Coinbase COO Emilie Choi, publicly adverse her file. The Blockchain Association and Digital Chamber additionally voiced opposition to her reappointment.
The commerce’s campaign portrayed Crenshaw as “more anti-crypto than Gensler,” highlighting tensions between regulatory oversight and crypto market trend.
