{
}
SEC Commissioner Caroline Crenshaw, known for her critical stance on cryptocurrency, will not be reappointed after the Senate Banking Committee canceled her renomination vote. This decision follows significant backlash from the crypto industry, which has labeled her as "more anti-crypto than Gensler." With her future uncertain, the industry anticipates a more crypto-friendly successor in 2025, potentially leading to a favorable regulatory environment for digital assets in the U.S.
A Bitcoin and Ethereum exchange-traded fund (ETF) is anticipated to lead a series of new crypto funds in 2025, according to analysts. Following this, ETFs for Litecoin and Hedera are expected to gain approval more readily than those for Solana and XRP, which face regulatory hurdles. The upcoming SEC leadership under Donald Trump may further influence the approval landscape for these assets.
US lawmakers in the Senate Banking Committee have canceled a session to vote on Caroline Crenshaw's nomination for a second term at the SEC, making her confirmation before Republicans take control in January increasingly unlikely. Crenshaw, who has served under both Trump and Biden, faces opposition from crypto interest groups labeling her as "more anti-crypto" than SEC Chair Gary Gensler. If not confirmed, she may be replaced or her seat left vacant before 2026.
Caroline Crenshaw will not be renominated as SEC Commissioner after the Senate Banking Committee canceled the scheduled markup vote. Her tenure, marked by opposition to crypto policies and alignment with SEC Chairman Gary Gensler, faced significant pushback from the crypto industry, which portrayed her as "more anti-crypto than Gensler." Industry leaders and organizations actively campaigned against her reappointment, highlighting the ongoing tensions between regulatory oversight and crypto market development.
US lawmakers are making a final push to confirm Caroline Crenshaw for another term at the SEC before Democrats lose control in January. The Senate Banking Committee, led by Sherrod Brown, has scheduled a vote for Dec. 18 after delays attributed to Republican opposition linked to corporate interests, particularly from the cryptocurrency sector. Crenshaw, who has served since 2020, faces criticism for her stance on crypto regulations, and her confirmation is crucial as the SEC may shift to a Republican majority with potential changes in leadership.
TD Cowen predicts that the SEC will likely proceed with crypto regulations without Democratic commissioners in the new year, following the departures of Chair Gary Gensler and Commissioner Jaime Lizárraga. Commissioner Caroline Crenshaw, the only remaining Democrat, faces challenges in her renomination, which could lead to an all-Republican commission under Chair Paul Atkins. This shift may expedite rule-making but poses risks to bipartisan support, potentially affecting the stability of future crypto regulations.
Crypto analyst TradinSides warns that XRP may be poised for a significant drop to $2.2 due to a Head and Shoulders pattern, unless bullish developments like the RLUSD stablecoin and upcoming XRP ETFs materialize. The ongoing SEC appeal in the Ripple case adds to the selling pressure, particularly with Commissioner Caroline Crenshaw's reappointment looming on December 18. If the SEC withdraws its appeal, it could lead to the approval of pending XRP ETF applications, potentially boosting demand.
The XRP Army has unveiled a new logo designed by Eddie Lobanovskiy, the original creator of the XRP emblem, symbolizing courage and strength. This update reflects the community's spirit and determination amid ongoing legal challenges with the SEC, as Ripple also prepares to launch its stablecoin, RLUSD. XRP is currently trading at $2.41, with a slight decrease in value.
The Senate Banking Committee is set to vote on SEC Commissioner Caroline Crenshaw's renomination, a decision that has sparked fierce opposition from the crypto industry due to her stringent regulatory stance. Critics argue her confirmation could hinder innovation in digital assets, while supporters claim it would maintain a balanced regulatory environment. The outcome remains uncertain as the Senate navigates a packed legislative calendar, with potential implications for the SEC's future approach to cryptocurrency regulation.
The Senate Banking Committee will vote on SEC Commissioner Caroline Crenshaw's renomination next Wednesday after a previous postponement due to procedural conflicts. Crenshaw faces significant opposition from the crypto industry for her stringent regulatory stance, particularly her dissent against spot Bitcoin ETFs, which has intensified backlash as Congress nears adjournment. Despite this, over 40 labor and civil society organizations support her confirmation, warning that failure to do so could lead to a lack of diverse political viewpoints within the SEC.
Caroline Crenshaw
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
senate cancels vote on sec commissioner crenshaw amid crypto industry backlash
Coinbase Global, Inc.
USA
Brian Armstrong
Caroline Crenshaw
Gary Gensler
Donald Trump
Elizabeth Warren
Show more
12:00 18.12.2024
crypto etfs expected to surge in 2025 with bitcoin and ether fund
04:20 18.12.2024
senate committee cancels vote on caroline crenshaw's sec nomination
United States Dollar
Crypto.com Staked ETH USD
PayPal Holdings, Inc.
USA
Joe Biden
David O. Sacks
Jaime Lizárraga
Caroline Crenshaw
Gary Gensler
Donald Trump
Paul Atkins
Show more
19:40 17.12.2024
senate committee cancels vote on caroline crenshaw's sec renomination
GEMINI INV
Coinbase Global, Inc.
USA
Caroline Crenshaw
Gary Gensler
Tyler Winklevoss
Emilie Choi
Show more
17:57 17.12.2024
senate banking committee to vote on sec commissioner nomination before control shift
NYSE U.S. 1000 Technology Secto
USA
Jaime Lizárraga
Caroline Crenshaw
Donald Trump
Tim Scott
Sherrod Brown
Gary Gensler
Elizabeth Warren
John Deaton
Joe Biden
Paul Atkins
Bernie Moreno
Show more
21:46 16.12.2024
SEC poised for crypto rule changes amid Democratic departures and Republican leadership
Bitget Token USD
USA
Jaime Lizárraga
Caroline Crenshaw
Donald Trump
Sherrod Brown
Gary Gensler
Hester Peirce
Paul Atkins
Mark Uyeda
Show more
19:11 16.12.2024
XRP price faces potential drop as head and shoulders pattern emerges
18:30 16.12.2024
Ripple unveils new logo for XRP Army emphasizing strength and unity
United States Dollar
WisdomTree U.S. Quality Dividend Growth Fund
Caroline Crenshaw
Eddie Lobanovskiy
18:27 16.12.2024
senate vote on crenshaw renomination sparks fierce crypto industry backlash
Coinbase Global, Inc.
USA
Donald Trump
Caroline Crenshaw
Tim Scott
Sherrod Brown
Gary Gensler
Brian Armstrong
John Thune
Joe Biden
Chuck Schumer
Show more
12:19 15.12.2024
senate to vote on sec commissioner crenshaw amid crypto industry backlash
10:26 14.12.2024
Trending
Subcategory
Corporate News
Startups & Entrepreneurship
Industry Trends
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
Stock Market Updates
Industry Mergers & Acquisitions
AI Applications
Private Equity Deals
Funding Rounds & Investments
AI Innovations
Emerging Startups
Fintech Startups
Energy Sector Developments
Government Economic Policies
Global Financial Events
CEO Changes
Central Bank Actions
Commodities
Countries:
Companies:
Apple Inc.
Google Inc.
Tesla, Inc.
Tesmec S.p.A.
Amazon.com, Inc.
OpenAI ERC USD
Microsoft Corporation
Walmart Inc.
Foxconn Technology Co., Ltd.
Hollywood Bowl Group PLC
NASDAQ Composite
Wise plc
Mastercard Inc
Alphabet Inc.
SWIGGY LIMITED
Mistral 1
NVIDIA Corporation
Nippon Steel Corp
Netflix, Inc.
CCTV 50 CSR
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
British Pound Sterling
Japanese Yen
United Arab Emirates Dirham
Vietnamese Đồng
New Zealand Dollar
Thai Baht
Australian Dollar
Indonesian Rupiah
Singapore Dollar
Saudi Riyal
Omani Rial
Bahraini Dinar
Qatari Riyal
Algerian Dinar
Egyptian Pound
People: