Crypto industry frustrated over possibility of SEC commissioner Caroline Crenshaw’s renomination
On Dec 11, the U.S. Senate Banking Committee will decide whether to renominate Caroline Crenshaw, a Democrat Securities and Exchange Commission (SEC) commissioner. Crenshaw has always been a staunch critic of cryptocurrencies and the crypto community is not happy with the prospect of her re-election.
Crenshaw is ‘anti-crypto,’ says Coinbase COO
Crenshaw, who was sworn into her role in August 2020, was one of two SEC commissioners who opposed the approval of spot Bitcoin exchange-traded funds (ETFs) in January. In her letter dissenting from the SEC’s decision, which Crenshaw called “unsound and ahistorical,” she wrote:
“I fear that today we are setting ourselves up for tomorrow’s failure, and it will be the investors that we…
