Caroline Crenshaw, a commissioner of the U.S. Securities and Exchange Commission (SEC), is up for renomination. However, the crypto industry is pushing against her reappointment due to her strong stance on crypto regulation. Crenshaw has been vocal against approving Bitcoin spot ETFs, a move desired by many in the industry. Leading figures in crypto have criticized her on social media, and ad campaigns and letters have been sent to lawmakers urging them to reject her nomination. The Stand with Crypto ratings, which track political support for pro-crypto legislation, could complicate the voting process for senators. The outcome of this push against Crenshaw's renomination could shape the debate on regulation and highlights the growing influence of crypto in Washington.
- Content Editor ( coinpedia.org )
- 2024-12-11
Why Crypto Giants Oppose Crenshaw’s SEC Renomination?