BlockBeats reported on December 18 that, according to Punchbowl news, 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 scheduled for tomorrow will be canceled due to a lack of sufficient legislative time in the Senate.
Crenshaw has repeatedly publicly opposed the approval of a Bitcoin spot ETF. 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.
Although SEC Chairman Gary Gensler is known for strict cryptocurrency regulations, Crenshaw's position is considered tougher than Gensler's. She not only supports Gensler's policies but also exhibits greater opposition on certain issues.
