Anti-crypto SEC Commissioner Crenshaw may not be able to continue serving

2024-12-18 01:01:13

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ChainCatcher news, according to Punchbowl, the Senate Banking Committee has abandoned efforts to advance the nomination of Caroline Crenshaw to serve as an SEC commissioner. A Banking Committee aide stated that the committee vote scheduled for tomorrow will be canceled due to a lack of sufficient floor time in the Senate.

Crenshaw has publicly opposed the approval of a Bitcoin spot ETF multiple times. In her statement of opposition in January 2024, she pointed out that there are risks of fraud and manipulation in the Bitcoin spot market, and inadequate investor protection is her main reason for opposition. She believes these products do not meet the regulatory standards of traditional ETFs and could potentially harm investors.

While SEC Chairman Gary Gensler is known for his strict cryptocurrency regulation, Crenshaw's stance is considered to be even more hardline than Gensler's. She not only supports Gensler's policies but also shows greater opposition on certain issues.

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