According to PANews, several crypto organizations, including the Cedar Innovation Foundation, have released advertisements and letters opposing the nomination of Democratic SEC Commissioner Caroline Crenshaw.
Their digital advertising campaign describes Caroline Crenshaw as "more extreme than Chair Gary Gensler." The Cedar Innovation Foundation emphasized in a statement that Crenshaw opposed the approval of a spot Bitcoin ETF and criticized the cryptocurrency market as a "fraudulent 'petri dish.'"
The Blockchain Association and other lobbying groups have written to Senate lawmakers urging them to reject this commissioner. The U.S. Senate Banking Committee is set to consider Crenshaw's re-nomination, as her current five-year term has expired and may last until the end of 2025.