If you're dissatisfied with a policy, what would be your most direct reaction? Silence? Or standing up to oppose it? Recently, friends in the crypto community have given their answer — 107,000 emails surged towards the U.S. Senate, demanding opposition to SEC Commissioner Caroline Crenshaw's renomination!
This is not a small-scale protest! 52,000 supporters from Stand with Crypto have united to voice strong opposition to Crenshaw's hostile attitude towards the crypto industry. As a result, the scheduled renomination vote in the Senate Banking Committee was temporarily canceled, halting Crenshaw's path to renomination! 🚫
So, who exactly is Crenshaw, and why has she sparked such a strong reaction? 🤔
Since taking office as an SEC commissioner in 2020, Crenshaw has become widely known as a 'crypto currency regulator.' She advocates for strict regulation and frequently takes enforcement actions against crypto companies, leading to a sharp decline in her image within the crypto industry, making her a thorn in the side of many industry insiders.
However, this time, she finally faced backlash, as the power of the crypto community blocked her renomination. What reflects behind this is a deeper industry conflict.
The rapid development of Web3 technology often meets excessive regulation, which becomes an 'obstacle' to innovation. Crenshaw's policy style has intensified this opposition, leading to strong resentment towards her in the industry. Now, this wave of 'resistance' has finally cost her the opportunity for renomination.
Although Crenshaw's departure may bring some new opportunities for Web3, the problems will not simply disappear. The future of crypto regulation in the U.S. remains full of uncertainty. Finding a balance between protecting investors and supporting innovation is still a major challenge faced by the U.S.
This incident teaches us that changes in the regulatory environment not only affect the confidence of projects and investors, but also directly impact the future development of the entire industry. For each of us, maintaining sensitivity to policies and responding rationally to market fluctuations is the key to long-term success.
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The above content is for informational sharing only and does not constitute any investment advice!
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