Anti-Crypto SEC Commissioner Crenshaw's Re-nomination Vote Canceled, Likely to Lose Re-election Opportunity

【Anti-Crypto SEC Commissioner Crenshaw's Re-nomination Vote Canceled, Likely to Lose Re-election Opportunity】Golden Finance reports that on Wednesday, the vote to re-nominate U.S. SEC Commissioner Caroline Crenshaw was canceled, which may mean she will lose the opportunity to be re-elected to the SEC. The U.S. Senate Banking Committee was originally scheduled to vote last Wednesday on whether to extend Crenshaw's term at the SEC, where she has served as a commissioner since 2020. The vote was initially set for this Wednesday, but the Senate website now shows that the vote has been canceled. A Senate aide familiar with the situation stated that the vote has now been rejected and cannot be rescheduled. This means that the likelihood of Crenshaw being re-elected as an SEC commissioner is almost zero. In order to remain at the SEC, Crenshaw must obtain the approval of the Senate Banking Committee before the end of this congressional session, but the 2024 congressional term ends on December 18. After that, Crenshaw can continue to seek re-election to the committee, but she must obtain approval from the new Congress controlled by the Republicans, which is clearly unlikely.