Anti-cryptocurrency SEC Commissioner Crenshaw's re-nomination vote canceled, likely to lose re-election opportunity

【Anti-cryptocurrency SEC Commissioner Crenshaw's re-nomination vote canceled, likely to lose re-election opportunity】Jinse Finance reports that on Wednesday, the vote to re-nominate U.S. SEC Commissioner Caroline Crenshaw was canceled, which may mean she will lose her chance for re-election at 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 said the vote has now been rejected and cannot be rescheduled. This means that Crenshaw's chances of being re-elected as an SEC commissioner are almost zero. To remain at the SEC, Crenshaw must gain the approval of the Senate Banking Committee before the current congressional session ends, 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 the approval of the new Congress controlled by Republicans, which is clearly unlikely.