CoinVoice has recently learned, according to Punchbowl, that the Senate Banking Committee has abandoned efforts to advance the nomination of Caroline Crenshaw to serve as an SEC commissioner. A Banking Committee aide stated that the committee vote originally scheduled for tomorrow will be canceled due to the Senate's lack of sufficient floor time.
Crenshaw has publicly opposed the approval of a Bitcoin spot ETF multiple times. In her statement of opposition in January 2024, she pointed out that there are risks of fraud and manipulation in the Bitcoin spot market, and insufficient investor protection is her main reason for opposition. She believes these products do not meet the regulatory standards of traditional ETFs and could potentially harm investors.
While SEC Chairman Gary Gensler is known for his strict cryptocurrency regulation, Crenshaw's stance is considered to be even tougher than Gensler's. She not only supports Gensler's policies but has also shown greater opposition on certain issues. [Original link]
