Your Resource for Government on Crypto

Senate Banking Committee Chair Sherrod Brown (D-OH) postponed a vote on whether to confirm SEC Commissioner Caroline Crenshaw for a second term at the agency, and Committee Republicans subsequently blocked Brown’s request to hold the vote later in the day. Ranking Member Tim Scott (R-SC) and Sens. Bill Hagerty (R-TN) and Cynthia Lummis (R-WY) tweeted about the need to block Crenshaw’s nomination, highlighting her anti-crypto stance. Crypto groups, including the Blockchain Association and the DeFi Education Fund, have also sent letters to Committee leadership in opposition to Crenshaw’s nomination. The delayed vote heightens the possibility of a three-person, all Republican SEC in the early months of the incoming Trump Administration.