A vote to reconfirm SEC Commissioner Caroline Crenshaw was canceled Wednesday, likely ending her chance of securing another term at the United States’ main digital assets regulator—a major win for the crypto industry’s bid to expand its influence on Capitol Hill.

The U.S. Senate Banking Committee was due to vote last Wednesday on whether to extend Crenshaw’s tenure at the SEC, where the regulator has served since 2020. Initially rescheduled for this Wednesday, the vote is now listed as canceled on the Senate website.

The vote has now been nixed with no possibility of rescheduling, a Senate aide with knowledge of the matter told Decrypt. That means Crenshaw’s odds of securing another term at Wall Street’s top cop are near-zero. 

“It’s essentially dead,” crypto lobbyist and Digital Chamber President Cody Carbone told Decrypt of Crenshaw’s re-nomination.

In order to remain at the SEC, Crenshaw would have had to secure approval from the Senate Banking Committee before the end of the current congressional session. But the 2024 congressional calendar ends today, December 18.

After that date, C

Go to Source to See Full Article
Author: Liz Napolitano