Caroline Crenshaw may continue to serve at the SEC for an additional 18 months after her term ends in June if the White House doesn't nominate a replacement.
Caroline Crenshaw, one of five commissioners of the United States Securities and Exchange Commission (SEC), could be leaving the financial regulator after roughly four years.
As of April 25, President Joe Biden’s administration will have 41 days to decide whether to nominate someone to replace Crenshaw before her term ends on June 5. The commissioner was nominated by former President Donald Trump in 2020 to fill a seat left vacant by former SEC commissioner Rob Jackson but may continue to serve until the end of 2025 if no replacement is found.
During her time at the SEC, Crenshaw, a Democrat, was one of the seemingly anti-crypto voices. In January, she voted against approval of listing and trading for spot Bitcoin (BTC) exchange-traded funds, claiming the underlying markets were “marred by fraud and manipulation.”
