Caroline Crenshaw’s re-nomination as one of the US SEC agency commissioners is on the balance. Scheduled for a vote by the Senate Banking Committee on Wednesday, the decision could help shape the future of crypto regulation in the US.

If confirmed, Crenshaw would serve on the Securities and Exchange Commission (SEC) until 2029. However, her track record and perceived hostility toward cryptocurrency have drawn sharp criticism.

Crenshaw’s Controversial Crypto Stance

During her tenure at the SEC, Crenshaw has aligned closely with Chair Gary Gensler, known for his strict regulatory approach to cryptocurrencies. Crenshaw’s critics, however, argue that her stance has been even more severe.

Bloomberg ETF analyst James Seyffart described her as “more vehemently anti-crypto than Gensler,” referencing her dissent on the approval of Bitcoin spot exchange-traded Funds (ETFs).

“She wasn’t just an ally to Gensler IMO — she was more vehemently anti-crypto than Gensler. Just read through her dissent letter on the Bitcoin ETF approvals back in January (The other democrat commissioner, Lizárraga, didn’t even join her on that letter),” Seyffart remarked.

The ETF analyst pointed to her January 10 dissent letter, in which Crenshaw argued against approving spot Bitcoin ETFs. In the letter, the SEC commissioner cited concerns about investor protection and market manipulation. Notably, her fellow Democratic Commissioner Jaime Lizárraga did not join her in the dissent, further reflecting the extremity of her position.

Crenshaw’s re-nomination decision comes at a time when the Republican-controlled Senate and House are signaling a shift in regulatory priorities. According to th

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Author: Lockridge Okoth