PANews reported on December 11 that according to Fox Business, the US Senate was originally scheduled to vote on the re-election proposal of SEC Commissioner Caroline Crenshaw this morning, but the meeting was postponed to the afternoon (US time) due to attendance issues. Senator Tim Scott criticized the Democratic Party's move as a "last-ditch effort to hinder President Trump's agenda."
Crenshaw is widely opposed by the crypto industry for supporting SEC Chairman Gary Gensler's strict regulation of the crypto industry and opposing Bitcoin spot ETFs. Coinbase CEO Brian Armstrong said on social media that Crenshaw is "more anti-crypto than Gensler" and warned senators that supporting his nomination will affect his score in the crypto-friendly rating. The crypto industry has also stepped up its opposition through advertisements and open letters in an attempt to prevent his re-election.
