Caroline Crenshaw may still have one more chance to be confirmed for a second term as an SEC commissioner before the next session of Congress.
United States lawmakers in the Senate Banking Committee will reportedly make another attempt to confirm Caroline Crenshaw to another term at the Securities and Exchange Commission (SEC) before Democrats lose their majority control in January.
According to a Dec. 15 Punchbowl report, Senate Banking Committee Chair Sherrod Brown — who will leave Congress on Jan. 3 — scheduled a nomination vote for Crenshaw on Dec. 18. Lawmakers in the banking committee initially planned to vote on Dec. 11 on her nomination by US President Joe Biden.
Senator Brown said the nomination decision was delayed due to Republican senators “doing the bidding of corporate special interests,” possibly referring in part to the cryptocurrency industry. At least one dark money group with ties to crypto, the Cedar Innovation Foundation, has petitioned US lawmakers to oppose Crenshaw’s nomination.
