U.S. Securities and Exchange Commission member Caroline Crenshaw is “even more extreme” than Chair Gary Gensler, according to a digital advertising campaign now being launched by Cedar Innovation Foundation — a dark-money group funded by unnamed crypto interests.
Commissioner Crenshaw, who is set to be the lone Democrat atop the SEC when Republicans take over the agency and wider administration in late January, was nominated for another term earlier this year, but the confirmation hadn’t come up for a vote before the November election. Now, the Senate Banking Committee has scheduled a hearing on Wednesday to consider that nomination.
Several digital assets organizations have deployed in an effort to block her approval. Cedar Innovation Foundation underlined in a statement that Crenshaw had opposed the approval of spot bitcoin exchange-traded funds and has criticized crypto markets as “a ‘petri dish’ of fraud.” The Blockchain Association and other lobbying groups have sent letters to the Senate lawmakers urging a rejection of the com
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Author: Jesse Hamilton
