PANews reported on December 8 that the U.S. Senate Banking Committee plans to vote on December 11 to decide whether to re-nominate Caroline Crenshaw, a member of the U.S. Securities and Exchange Commission and a cryptocurrency skeptic. Several crypto industry executives expressed disappointment at the possibility of her re-election because Caroline Crenshaw is one of the two U.S. Securities and Exchange Commission members who opposed the approval of the spot Bitcoin ETF. According to Bloomberg ETF analyst James Seyffart, Caroline Crenshaw is not only an "ally" of the current U.S. Securities and Exchange Commission Chairman Gary Gensler, but also more "strongly opposed to cryptocurrency" than Gary Gensler himself.