{"id":33340,"date":"2024-12-09T08:17:38","date_gmt":"2024-12-09T05:17:38","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=33340"},"modified":"2024-12-09T08:17:38","modified_gmt":"2024-12-09T05:17:38","slug":"crypto-industry-worried-about-caroline-crenshaws-sec-renomination","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/crypto-industry-worried-about-caroline-crenshaws-sec-renomination\/","title":{"rendered":"Crypto Industry Worried About Caroline Crenshaw\u2019s SEC Renomination"},"content":{"rendered":"

The U.S. Senate Banking Committee will vote on December 11 on the renomination of Caroline Crenshaw<\/strong>, a Securities and Exchange Commission (SEC) commissioner widely known for her opposition to spot Bitcoin ETFs<\/strong>. This possibility has raised significant concerns within the crypto industry.<\/p>\n

Crenshaw was one of two SEC commissioners who voted against the approval of spot Bitcoin ETFs in January. Coinbase<\/strong> President Emilie Choi criticized her stance, stating, “Caroline Crenshaw is anti-crypto. Her opposition to Bitcoin ETFs was embarrassing. The SEC needs to change.”<\/p>\n

Paradigm<\/strong>‘s Vice President of Government Affairs, Alexander Grieve, also voiced his frustration, calling Crenshaw\u2019s renomination \u201ca final \u2018gift\u2019 for crypto on the way out the door,\u201d and criticized Senate Banking Chair Sherrod Brown for supporting her renomination.<\/p>\n

Bloomberg ETF<\/strong> analyst James Seyffart emphasized Crenshaw\u2019s strong anti-crypto stance, describing her as even more opposed to the crypto industry than SEC Chair Gary Gensler. Seyffart pointed to Crenshaw\u2019s dissent letter regarding spot Bitcoin ETFs, noting, \u201cNo other SEC commissioner joined her in such a strong opposition.\u201d<\/p>\n

After spot Bitcoin ETFs were approved in January, Crenshaw referred to the decision as \u201cunsound and ahistorical.\u201d Her resistance to these ETFs, even after court orders for their approval, has drawn sharp criticism from the crypto sector.<\/p>\n

Meanwhile, the crypto industry has responded positively to U.S. President-elect Donald Trump\u2019s nomination of Paul Atkins<\/strong> to replace Gary Gensler as SEC Chair. This decision comes shortly after Gensler announced his departure from the agency, effective January 20, 2025.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. Senate Banking Committee will vote on December 11 on the renomination of Caroline Crenshaw, a Securities and Exchange Commission (SEC) commissioner widely known for her opposition to spot Bitcoin ETFs. This possibility has raised significant concerns within the crypto industry. Crenshaw was one of two SEC commissioners who voted against the approval of<\/p>\n","protected":false},"author":28,"featured_media":31139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,10,657,2],"tags":[534,9921,151,393,6033,839,9327,39],"class_list":["post-33340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-economy-news","category-en","category-news","tag-bitcoin-etf","tag-caroline-crenshaw","tag-coinbase","tag-crypto","tag-crypto-regulation","tag-gary-gensler","tag-paul-atkins","tag-sec"],"yoast_head":"\nCrypto Industry Worried About Caroline Crenshaw\u2019s SEC Renomination - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/crypto-industry-worried-about-caroline-crenshaws-sec-renomination\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Industry Worried About Caroline Crenshaw\u2019s SEC Renomination - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The U.S. Senate Banking Committee will vote on December 11 on the renomination of Caroline Crenshaw, a Securities and Exchange Commission (SEC) commissioner widely known for her opposition to spot Bitcoin ETFs. 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