Crenshaw’s SEC vote approaches: On December 11, the Senate will decide on SEC Commissioner Caroline Crenshaw’s renomination, amid pushback from the crypto industry over her opposition to Bitcoin ETFs. Her stance has drawn criticism from leaders like Coinbase president Emilie Choi, who calls for a more adaptable SEC.
Leadership changes at the SEC: The SEC faces impending leadership changes with Chair Gary Gensler’s departure in 2025, and former SEC Chair Paul Atkins nominated as his successor. Atkins is viewed as crypto-friendly, indicating potential shifts in digital asset regulations. The outcome could reshape the crypto regulatory landscape.
Industry demands regulatory evolution: Critics, such as Paradigm’s VP Alexander Grieve, view Crenshaw’s renomination as a barrier to crypto growth. Industry leaders demand progressive regulation to foster innovation. The ongoing vote highlights the tension between current SEC policies and the evolving needs of the market.