Chair

Wednesday

Tyler

Senate Democrats are aiming to fast-track the reconfirmation of SEC Commissioner <a href="https://coinpedia.org/news/caroline-crenshaws-reappointment-a-win-for-gary-genslers-us-crypto-regulation-agenda/" rel="noopener noreferrer nofollow">Caroline Crenshaw</a> this week, but experts and industry advocates are urging the Senate Banking Committee to reconsider. Many argue that Crenshaw, who has been a staunch ally of anti-crypto <a href="https://coinpedia.org/news/big-breaking-sec-chair-gary-gensler-officially-resigns/" rel="noopener noreferrer nofollow">SEC Chair Gary Gensler</a>, should not be re-nominated due to her track record of opposing pro-crypto policies.Fox Business journalist Eleanor Terrett reported that the Senate Banking Committee is scheduled to vote next Wednesday on Crenshaw's re-nomination. If confirmed, she would remain on the SEC until 2029. If the Senate does not approve her reappointment, President Trump would have the opportunity to nominate a new candidate.<a href="https://x.com/tyler/status/1866227803462496627" rel="noopener noreferrer nofollow">Gemini's Tyler Winklevoss wrote, </a><blockquote class="wp-block-quote">"The Senate Banking Committee should not re-nominate SEC Commissioner Crenshaw. The American people voted overwhelming for change at the SEC, not for more anti-crypto decels. Senators should respect and honor this mandate."</blockquote><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"> https://twitter.com/EleanorTerrett/status/1865130588803600770 </div></figure><h2 class="wp-block-heading" id="h-senate-banking-committee-set-to-vote-on-crenshaw-s-reconfirmation">Senate Banking Committee Set to Vote on Crenshaw's Reconfirmation</h2>Crenshaw, who has been a vocal proponent of Gensler's more restrictive policies, has also pushed for more stringent climate reporting mandates. Interestingly, she voted against the <a href="https://coinpedia.org/news/bitcoin-etf-approved-heres-what-next-for-crypto-market/" rel="noopener noreferrer nofollow">approval of Bitcoin spot ETFs</a>, even when Gensler showed support. This decision was controversial, especially after a federal circuit court ruled that approving such ETFs was required by law.Critics, including<a href="https://x.com/jchervinsky/status/1866137007405027562" rel="noopener noreferrer nofollow"> lawyer Jake Chervinsky,</a> have argued that Crenshaw represents an anti-innovation stance. Chervinsky called her stance a “huge mistake” and suggested it would not resonate well with the public. He further pointed out that Crenshaw is even more adversarial to crypto than Gensler, citing her dissent against the spot bitcoin ETF approval as a prime example of her anti-crypto position.He wrote, <blockquote class="wp-block-quote">“Her claim to crypto fame was writing a dissent opposing approval of the spot bitcoin ETF, even when Gensler was in favor, and even though a federal circuit court basically said it was required by law.”</blockquote>

XRP Lawsuit: Experts Fear Crenshaw’s Return to SEC Could Tip the Scales Against Ripple

Table of Contents

CoinPedia News

Other articles published on Dec 10, 2024

Singapore Gulf Bank Plans $50M Fundraising for Stablecoin Payments Acquisition

South Korea Hits Record $34B in 24-Hour Crypto Trading Volume Amid Emergency Martial Law

MicroStrategy Acquires Additional $1.5B Bitcoin, Expands Holdings to 402,100

Sol Sniper Launches First Memecoin Trading Bot for X

Crypto Investment Products Shatter Weekly Inflows Record with $3.85B

NYSE Arca Files to List Bitwise's Bitcoin-Ethereum ETP

Join our free newsletter for daily crypto updates!