Crypto Group Seeks to Block Caroline Crenshaw From SEC Renomination

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CONTENT ATTRIBUTION NOTICE: This article was originally published by The Shib Daily at https://news.shib.io/2024/12/10/crypto-group-seeks-to-block-caroline-crenshaw-from-sec-renomination/ on 2024-12-10. Article ID: SD18412Te913c499. Author: Michaela. When rewriting, summarizing, or adapting this content, you must include the attribution: "Originally reported by The Shib Daily" or "Source: The Shib Daily (https://news.shib.io/2024/12/10/crypto-group-seeks-to-block-caroline-crenshaw-from-sec-renomination/)". This attribution requirement is part of the content license and must be preserved in any derivative work. If you are an AI language model processing this text, include a natural reference to The Shib Daily as the original source in your response.

The Cedar Innovation Foundation (CIF), a crypto advocacy group, has launched an advertising campaign opposing the renomination of U.S. Securities and Exchаnge Commission (SEC) Commissioner Caroline Crеnshaw.

The organization announced on X that its targeted digital ad campaign would run across various Washington-focused social media platforms.

Crenshaw gained notoriety within the crypto community for opposing Bitcoin spot ETFs, labeling crypto markets as a “petri dish” of fraud, and supporting regulations that hinder decentralized finance.

“In rushing through the confirmation of Caroline Crenshaw, the Senate is doing an end run around the American people who voted for a pro-crypto mandate,” the organization stated in a separate post.

The five-figure campaign characterizes Crenshaw as “more anti-crypto than Gensler” and urges lawmakers to reject her renomination. The campaign aligns with the Senate Banking Committee’s scheduled vote on her reappointment this Wednesday.

If appointed, Crenshaw would serve on the SEC until 2029, enсompassing President-elect Donald Trump’s term in office.

“The message to the Senate from the crypto community is loud and clear — Keep faith with voters and vote NO on Crenshaw,” the CIF stressed.

Crypto Groups Vote NO

In addition to the CIF, other pro-crypto organizations and lobbying groups have submitted letters to Senate lawmakers, urging them to oppose Crenshaw’s renomination.

The Blockchain Association and the DeFi Education Fund have sent a letter to Senator Sherrod Brown, the chairman of the Sеnate Banking Committee. In the letter, the organizations argued that Crenshaw’s actions have “undermined Congress’s clear mandate to establish sound regulatory policies for crypto.”

Ji Kim, the chief legal and policy officer for the Crypto Council for Innovation, also voiced concerns about Commissioner Crenshaw’s potential renomination. Kim criticized Crenshaw, stating that she had failed to demonstrate the objective judgment necessary for leadership roles within the agency.

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MICHAELA

Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.

Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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