- Senate Banking Committee Chairman Sherrod Brown known as it a “disgusting smear marketing campaign in opposition to Carolyn Crenshaw.”
- Voting was adjourned by Brown minutes earlier than it was to start.
- No date has been set for Crenshaw’s renomination.
The US Senate vote to re-nominate Democrat Commissioner Carolyn Crenshaw to the Securities and Change Fee (SEC) has been postponed.
Voting was initially scheduled for December 11; Nonetheless, in keeping with stories, it was postponed simply minutes earlier than it was to start bloombergSenate Banking Committee Chairman Sherrod Brown delayed the vote. When Brown requested a vote later that day, Republican senators blocked his request.
Brown later launched a statement Saying that company particular pursuits are waging a “disgusting smear marketing campaign in opposition to Caroline Crenshaw”.
No date has been set for his re-nomination.
Earlier this week, crypto and blockchain advocacy group expressed his opposition For the renomination of Crenshaw.
one in Letter Showing earlier than Brown and Senate Banking Committee Rating Member Tim Scott, the Blockchain Affiliation and the DeFi Training Fund argued that Crenshaw’s actions undermined Congress’s mandate to ascertain clear regulatory insurance policies for the crypto trade.
In his letter, he mentions Crenshaw’s “continued opposition to the approval of the Spot Bitcoin ETP.”
Following the information of Crenshaw’s reappointment, Coinbase CEO Brian Armstrong takes over x To say: “She tried to dam a Bitcoin ETF, and was worse than Gensler on some points (which I did not assume was attainable).”
A Republican-majority SEC?
Delaying Crenshaw’s renomination opens up the potential of a three-person Republican SEC. Donald Trump Will enter the White Home in January. Crenshaw’s tenure on the SEC formally resulted in June; Nonetheless, if renominated she could be the one Democratic SEC commissioner.
The SEC can have a most of 5 commissioners, however not more than three will be from the identical political get together. The present SEC Chairman is Gary Gensler, a Democrat. Relinquishing his post on 20th JanuaryAnd SEC Commissioner Jaime Lizaraga, additionally a Democrat, will Step down on January 17,
Final week, Trump Named Pro-Crypto Paul AtkinsA Republican, as Chairman of the SEC.
The remaining three SEC commissioners, together with Gensler and Lizarraga, are Republicans. hester pierce And Mark Ueda.
