CandleFocus Senate cancels vote to renominate SEC’s Crenshaw after crypto backlash
2024-12-19
Author: Content Editor
Caroline Crenshaw, who was nominated by President Trump for a position at the SEC, had her renomination blocked by the crypto industry due to her critical views on digital assets. The industry campaigned against her and urged Senate Democrats to reject her reappointment. While Crenshaw still holds her position at the SEC for now, her term is likely to end soon unless President Trump renominates her. The crypto industry is now hoping for crypto-friendly replacements in the new Congress. Names being discussed for potential replacements include Chris Brummer, Jai Messai, and TuongVy Le, who are seen as more supportive of digital assets and could bring clearer regulations. The cancellation of Crenshaw's renomination vote highlights the influence the crypto industry has in Washington, D.C.
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