The US Senate Banking Committee has decided not to re-nominate Caroline Crenshaw as an SEC Commissioner, leaving a vacancy in the finance regulator. By tradition, her replacement must be a Democrat. Crenshaw, who has been anti-crypto, faced backlash in her re-nomination attempt and now her defeat is confirmed. Gary Gensler, the current SEC Chairman, will resign in January and be replaced by Paul Atkins, who has a pro-crypto stance. Potential Democratic candidates to replace Crenshaw include Chris Brummer, TuongVy Le, Jai Messai, and Carla Carriveau. The industry's momentum is growing, with Crypto.com dropping its lawsuit against the SEC following CEO meetings with President-elect Donald Trump to discuss appointments.



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