The US Senate has canceled a vote to renominate Democrat Caroline Crenshaw for a second term at the US Securities and Exchange Commission (SEC). The Senate Committee on Banking, Housing, and Urban Affairs announced the cancellation of the vote on Crenshaw's nomination, along with Gordon Ito's nomination to the Financial Stability Oversight Council. Originally scheduled for December 11, the vote was postponed by Senate Banking Committee Chair Sherrod Brown due to disagreements between Democrats and Republicans. Crenshaw, who faced opposition from the crypto industry, is unlikely to be renominated before President-elect Donald Trump's administration returns in January. With current SEC chair Gary Gensler stepping down, the SEC may temporarily have a Republican majority. Trump has nominated pro-crypto Paul Atkins as the new SEC chair, alongside Republican commissioners Hester Peirce and Mark Uyeda. Read more AI-generated news on: https://app.chaingpt.org/news

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