The renomination vote for U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw has been postponed due to a procedural conflict following changes to the original schedule.
According to Fox Business Journalist Eleanor Terrett, the Senate Banking Committee had originally scheduled a vote on Crenshaw’s renomination for Wednesday morning, but the session was moved to the afternoon due to attendance issues.
“Attendance issues often arise when there is a lack of bipartisan cooperation on these nominees,” said Senator Sherrod Brown, Chairman of the Senate Banking Committee.
The vote was rescheduled to the afternoon, creating a conflict with a Senate procedural rule that prohibits committee or subcommittee meetings after the Senate has been in session for two hours or past 2:00 p.m. EST.
To address the issue, the Senate would have needed to approve a unanimous consent waiver, allowing the committee to meet outside the designated time window for committee activities.
According to Terrett, Republican Senators, following the direction of Ranking Member Senator Tim Scott, blocked the request for the waiver.
Senator Brown will need to reschedule another markup for the vote, though no timeline has been announced. With only seven days remaining before Congress adjourns for the year, Crenshaw must still pass both a committee vote and a full Senate vote to secure reappointment.
In a later statement, Brown accused corporate special interests of waging a “disgusting smear campaign” against Commissioner Crenshaw.
Caroline Crenshaw has become a controversial figure within the crypto community due to her regulatory approach to digital assets. Her stance on cryptocurrency has led to significant pushback from crypto advocates, who argue that her policies could stifle growth and innovation in the sector.
The Cedar Innovation Foundation (CIF) recently launched a digital ad campaign opposing Crenshaw’s renomination, criticizing her as “more anti-crypto than Gensler.”
Read More
- SEC’s Peirce Calls for End to ‘Operation Chokepoint 2.0,’ Proposes New Path for Crypto
- SEC Reportedly Rejects Solana ETF Applications, Stalling Crypto’s ETF Expansion
- Paul Atkins, It Is! Donald Trump Confirms Top Pick for SEC Chair
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 Magazine and The Shib Daily are the official media and publications 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.