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The U.S. Senate Banking Committee has canceled its scheduled markup vote on the renomination of U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw. This decision effectively ends her chances of serving another term at the regulatory agency. Senate Cancels Scheduled SEC Commissioner Vote for Renomination The Senate Banking Committee was set to hold a vote on Crenshaw’s renomination on Wednesday. However, a Senate aide confirmed that the meeting has been called off due to a lack of legislative floor time. This cancellation indicates that Crenshaw will not be renominated for another term as SEC Commissioner. 🚨BREAKING: A Senate aide has just informed me that tomorrow’s Senate Banking Committee scheduled markup vote on @SECGov Commissioner Caroline Crenshaw has been canceled. She will not be renominated to her position. — Eleanor Terrett (@EleanorTerrett) December 17, 2024 Crenshaw has been a divisive figure in the cryptocurrency industry due to her strict regulatory views. She is widely known for voting against the approval of Bitcoin spot ETFs. Her stance aligns with broader concerns about fraud and market manipulation in the crypto sector. In her earlier statements, Crenshaw emphasized investor protection as the main reason for opposing these products. Caroline Crenshaw Position on Cryptocurrency Regulation Caroline Crenshaw has been one of the most vocal opponents of cryptocurrency within the SEC. She has consistently supported stricter oversight of the digital asset industry, often taking positions viewed as even more stringent than those of SEC Chair Gary Gensler. In January 2024, Crenshaw expressed concerns about the Bitcoin spot market, arguing that it fails to meet the regulatory standards set for traditional investment products. “These products lack sufficient investor protection and oversight, which could harm consumers,” she stated earlier this year. Her departure comes at a time when the cryptocurrency industry has been pushing for clearer and…

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Filed under: News - @ December 18, 2024 3:28 am