Trump Expected To Personally Decide On Renomination Of Anti-Crypto SEC Commissioner The Senate Banking Committee has canceled a vote to consider the renomination of Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw. Fox Business reporter Eleanor Terrett said that Democrats could ask to have Crenshaw renominated at the request of Sen. Elizabeth Warren, but the decision on whether to do so will be up to President-elect Donald Trump. Under the rules of Congress, the minority party - in this case, the Democrats - can recommend nominees to fill vacancies on the SEC. The president has the discretion to take their advice, but he is not required to do so. Crenshaw is considered an anti-crypto figure who has, among other things, voted against a spot Bitcoin ETF. She is a close ally of SEC Chairman Gary Gensler. The SEC has been criticized by some for its handling of the cryptocurrency industry, including its decision to delay the approval of a spot Bitcoin ETF. Some believe that Crenshaw's renomination would be a blow to the industry, while others believe that it would not have a significant impact. It remains to be seen whether Trump will renominate Crenshaw. If he does, it will likely be seen as a sign that he is not supportive of the cryptocurrency industry. If he does not, it will be seen as a sign that he is open to working with the industry.

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