The post Anti-crypto SEC Commissioner Caroline Crenshaw gets kicked out appeared on BitcoinEthereumNews.com.

Caroline Crenshaw is out. The SEC commissioner, famous for her anti-crypto stance, won’t be getting a second term. The Senate Banking Committee abruptly canceled tomorrow’s scheduled renomination vote. Just like that, one of crypto’s most vocal adversaries is off the field. Crenshaw’s four-year run in the U.S. Securities and Exchange Commission (SEC) left a trail of tension, frustration, and courtroom battles. Appointed in 2020 under President Donald Trump, she quickly turned into a regulatory thorn for the crypto industry. Her opposition to Bitcoin ETFs earlier this year might’ve been the final straw. Crenshaw often said that crypto markets were “petri dishes of fraud.” Critics argue she spent her entire term proving that theory instead of helping regulate the space constructively. Coinbase CEO Brian Armstrong wasn’t subtle about it, saying she was “worse than Gensler.” He added that: “Her policies hurt more than they helped.” Crenshaw’s crypto blockade Caroline Crenshaw made headlines in January when she voted against approving spot Bitcoin ETFs. It was a critical moment for crypto. Years of effort by major firms, court battles, and rising public demand pushed Bitcoin ETFs to the center of the financial world. Crenshaw, though, was unmoved. She voted no, citing fears of market manipulation and inadequate investor protections. She wasn’t alone, but the industry wasn’t having it. A federal court had just ruled that previous SEC rejections were “arbitrary and capricious,” a decision that made Crenshaw’s refusal look like stubbornness at best — hostility at worst. Ripple Chief Legal Officer Stuart Alderoty was among the first to speak out. “Her position was indefensible after the courts ruled against them,” he said. Crenshaw once described crypto markets as dangerous playgrounds for fraudsters and manipulators. “Investor safety has to come first,” she said repeatedly. Crypto’s war with the SEC loses two key players Under…

---

Filed under: News - @ December 17, 2024 7:18 pm