The US Senate Banking Committee has canceled its scheduled vote to renominate U.S. SEC Commissioner Caroline Crenshaw. This choice successfully ends her tenure on the Securities and Trade Fee (SEC), the place she has been a vocal opponent of cryptocurrency-related insurance policies.
Senate Vote on SEC Caroline Crenshaw Renomination Canceled
A Senate aide confirmed that the deliberate markup vote for Crenshaw’s renomination, set for Wednesday, was canceled. The aide cited an absence of flooring time as the primary purpose for the choice. With out a formal vote, Crenshaw’s renomination course of won’t transfer ahead, that means she won’t serve one other time period on the company.
Caroline Crenshaw was initially appointed to the SEC in 2020 as a Democratic commissioner. Her time period has been marked by sturdy opposition to cryptocurrency developments, together with spot Bitcoin exchange-traded funds (ETFs).
The cancellation of the vote is seen as a procedural transfer because the Senate prioritizes different legislative issues within the remaining session.
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Kelvin Munene Murithi
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