According to Odaily Planet Daily, the U.S. Senate Banking Committee will vote on the re-election of SEC Commissioner Caroline Crenshaw on December 11. Consensys lawyer Bill Hughes expressed concerns about her resume.
Hughes believes that Crenshaw’s reelection could be seen as an act of political hostility to the cryptocurrency industry, as her views contrast with support for crypto-friendly policies within the U.S. government.
Hughes criticized Crenshaw’s approach to cryptocurrency regulation, particularly her opposition to a Bitcoin ETF, arguing that her reelection would be a major step backward for the cryptocurrency industry.