The crypto community has collectively voiced its opposition to Caroline Crenshaw's renomination to the SEC, sending 107,000 emails to the U.S. Senate.
Crypto Advocates' Email Protest
Stand with Crypto organized over 52,000 supporters to send 107,000 emails urging U.S. senators to reject Caroline Crenshaw’s renomination as SEC Commissioner. Logan Dobson, the organization's executive director, called it 'a first step towards changing the SEC's antagonistic stance towards the crypto industry.'
Senate Scraps Vote
The Senate Banking Committee canceled two scheduled votes on Crenshaw's renomination due to Republican opposition. Initially appointed in 2020 during the Trump administration, she was renominated by President Biden. This canceled vote marks the end of the renomination efforts.
Industry Criticism
Crenshaw has faced criticism for her opposition to key crypto initiatives, such as spot Bitcoin ETFs. Her alignment with SEC Chair Gary Gensler is seen as hostile towards digital assets.
Crypto advocates achieved a temporary victory by delaying the vote on Crenshaw’s renomination, but the overarching disagreements between the industry and regulators continue to persist.
