PANews December 12 news, according to Bloomberg, U.S. Democrats' Caroline Crenshaw's nomination for reappointment as a commissioner of the U.S. Securities and Exchange Commission (SEC) faces more obstacles, as the planned committee vote has been postponed. With only a few days left in this year's congressional schedule, this move increases the likelihood of three Republican commissioners being appointed to the SEC in the first few months of Trump’s next administration. Since Crenshaw's term at the agency officially ended in June, her renomination has been pending. If the nomination continues to be blocked, Trump may choose Republican Paul Atkins to fill her vacancy on the five-member board, as her term has already concluded. According to regulations, if no one else is confirmed to take her role, Crenshaw can only remain at the SEC until January 2026.
Previously, multiple cryptocurrency advocacy organizations released advertisements and letters opposing the nomination of Democratic SEC Commissioner Caroline Crenshaw.