The post SEC Commissioner Caroline Crenshaw’s Renomination Draws Fierce Crypto Opposition as Senate Readies Crucial Vote appeared on BitcoinEthereumNews.com.

The U.S. Senate Banking Committee will move forward next Wednesday with a long-postponed vote on the renomination of Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw, a decision that has gained heightened significance amid intensifying disputes over her regulatory stance toward digital assets. The committee’s vote—initially scheduled for this week—was delayed when a procedural conflict disrupted the planned timing. According to reporting by FOX Business journalist Eleanor Terrett, the committee’s original vote was postponed just minutes before it was set to begin on Wednesday morning. Senate Banking Committee Chair Sherrod Brown, a Democrat, had attempted to reschedule for the same afternoon. However, Republican senators rejected that approach, citing Senate rules that require more notice for rescheduled votes. The resulting impasse pushed the final committee markup vote to next Wednesday at 9:30 AM. With only days remaining until the U.S. Congress adjourns for the year, the renomination process faces critical time constraints. Should Crenshaw fail to secure Senate confirmation before adjournment, President-elect Donald Trump would have the authority to nominate a new SEC commissioner when he assumes office on January 20, 2025. This narrow window has placed extraordinary pressure on the confirmation process, drawing attention from multiple industry and political stakeholders who see the outcome as potentially shaping the SEC’s regulatory priorities for the next several years. Crypto Industry Opposition and Policy Implications Crenshaw, originally appointed by former President Donald Trump in 2020 and subsequently renominated by President Joe Biden, has emerged as a polarizing figure within the crypto and blockchain community. Her approach to regulating digital assets has been described by industry critics as particularly stringent, even more so than that of SEC Chair Gary Gensler, who has already been viewed by many crypto advocates as excessively aggressive in his oversight strategy. Critics argue that Crenshaw’s rigorous position could thwart…

---

Filed under: News - @ December 15, 2024 11:20 am