Caroline Crenshaw, a commissioner at the Securities and Exchange Commission (SEC), will not be renominated for her position after the cancellation of a Senate vote. Crenshaw, who was initially appointed in 2020 and renominated by President Biden, has been closely aligned with SEC Chairman Gary Gensler on regulatory issues. However, she has faced opposition from the crypto industry due to her stance against spot Bitcoin ETF approvals. Industry leaders and associations have campaigned against her reappointment, portraying her as being more anti-crypto than Gensler.



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