U.S. Senate Cancels Vote On Renomination of SEC Commissioner Caroline Crenshaw
The U.S. Senate Banking Committee canceled a vote on the renomination of U.S. Securities and Exchange Commission Commissioner Caroline Crenshaw, ending her chances of re-election. She is known for voting against the approval of a Bitcoin spot ETF, a stance consistent with broader concerns about fraud and market manipulation in the crypto industry. She has been a fierce opponent of cryptocurrencies within the SEC, advocating for stricter regulations, often more stringent than SEC Chairman Gary Gensler. Her departure comes amid a push in the cryptocurrency industry for clearer favorable regulation, with major players such as Coinbase and Ripple criticizing her anti-crypto stance.
