Analysis of legislative actions and policies passed by the Senate

Senate Banking Committee Cancels Vote on Anti-Crypto SEC Commissioner Caroline Crenshaw's Renomination

Dec 17, 2024, 04:31 PM

The Senate Banking Committee has canceled its scheduled vote on the renomination of Caroline Crenshaw as SEC Commissioner, effectively ending her bid for reappointment. Crenshaw, known for her opposition to cryptocurrency initiatives, including her vote against Bitcoin spot ETFs, faced significant scrutiny from crypto advocates. The decision to abandon the vote is attributed to a lack of floor time, as noted by a Senate aide. This development comes as Senate control is set to shift in January, raising questions about future regulatory approaches to cryptocurrency. Crenshaw's departure is viewed as a victory for the crypto sector, which has criticized her hardline stance on digital assets.