Yigit Taha OZTURK 
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 spot Bitcoin ETFs in January. Coinbase President Emilie Choi criticized her stance, stating, “Caroline Crenshaw is anti-crypto. Her opposition to Bitcoin ETFs was embarrassing. The SEC needs to change.”
Paradigm‘s Vice President of Government Affairs, Alexander Grieve, also voiced his frustration, calling Crenshaw’s renomination “a final ‘gift’ for crypto on the way out the door,” and criticized Senate Banking Chair Sherrod Brown for supporting her renomination.
Bloomberg ETF analyst James Seyffart emphasized Crenshaw’s strong anti-crypto stance, describing her as even more opposed to the crypto industry than SEC Chair Gary Gensler. Seyffart pointed to Crenshaw’s dissent letter regarding spot Bitcoin ETFs, noting, “No other SEC commissioner joined her in such a strong opposition.”
After spot Bitcoin ETFs were approved in January, Crenshaw referred to the decision as “unsound and ahistorical.” Her resistance to these ETFs, even after court orders for their approval, has drawn sharp criticism from the crypto sector.
Meanwhile, the crypto industry has responded positively to U.S. President-elect Donald Trump’s nomination of Paul Atkins to replace Gary Gensler as SEC Chair. This decision comes shortly after Gensler announced his departure from the agency, effective January 20, 2025.
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