The Senate Banking Committee has canceled its vote on the reappointment of SEC Commissioner Caroline Crenshaw, leading to uncertainty about her future on the Commission. Crenshaw's nomination will not be processed before Congress adjourns, giving President-elect Donald Trump the authority to nominate a new commissioner. However, Crenshaw can continue serving until a replacement is chosen.
The Senate Banking Committee vote for the renomination of SEC Commissioner Caroline Crenshaw was canceled. Crenshaw is eligible to serve on the Commission until a replacement is announced, subject to Donald Trump 's decision. Crypto advocates sent over 100,000 emails to Senator Sherrod Brown, advocating against Crenshaw's renomination.
However, Crenshaw will still be permitted to serve in the Commission until her replacement has been decided. In any case, where she is renominated to continue serving in her capacity, it would be up to Donald Trump to reinstate her. Crenshaw, first appointed to the SEC in 2020 under the Trump administration and renominated by President Biden, has aligned closely with SEC Chair Gary Gensler on regulatory matters.
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