The US Senate Banking Committee has canceled its scheduled vote to renominate U.S. SEC Commissioner Caroline Crenshaw. This resolution successfully ends her tenure on the Securities and Exchange Commission (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 a scarcity of flooring time as the principle purpose for the choice. Without a proper vote, Crenshaw’s renomination course of is not going to transfer ahead, that means she is not going to 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 robust 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.
This Is A Breaking News, Please Check Back For More
Kelvin Munene Murithi
Kelvin is a distinguished author with experience in crypto and finance, holding a Bachelor’s diploma in Actuarial Science. Known for his incisive evaluation and insightful content material, he possesses a robust command of English and excels in conducting thorough analysis and delivering well timed cryptocurrency market updates.
Disclaimer: The introduced content material could embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.
