Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Editor's Pick

Anti-Bitcoin SEC Commissioner Caroline Crenshaw May Soon Lose Her Seat

A member of the Securities and Exchange Commission (SEC) who is emphatically critical of Bitcoin and crypto may lose her spot at the agency’s high table on June 5, government records would suggest.

Per the SEC’s website, Commissioner Caroline A. Crenshaw was sworn into her position alongside Commissioner Hester M. Peirce (aka “Crypto Mom”) on August 17, 2020. Both have terms that are due to expire on June 5 – less than 50 days from today.

SEC Commissioner Approaches End Of Term


According to Fox Business journalist Eleanor Terret, recent White House statements and nominations show no signs that Crenshaw or anyone else has been nominated to fill her position after her term is finished.

NEW: l got lots of messages yesterday asking if the @GaryGensler resignation rumor was true.

Firstly, it’s an election year and there’s a high possibility these could be his final few months as chairman, a position he likes, so it’s unlikely he would throw in the towel early.… pic.twitter.com/DBihpCeLjY

— Eleanor Terrett (@EleanorTerrett) April 19, 2024

“The White House had no comment on the matter,” Terret said.

The revelation follows rumors earlier this week that SEC chairman Gary Gensler may soon resign after he posted a Twitter thread on Tuesday that read somewhat like a goodbye message.

Gensler has been called on to resign by several crypto-supportive congressman Tom Emmer for his hostile treatment of the industry, and failure to adequately protect investors from its true bad actors.

Under his leadership, the agency has filed dozens of enforcement actions against top crypto firms accusing them of securities law violations, while their leaders say the regulator’s evaluation of the law with respect to crypto is both unclear and outdated.

Terret believes the likelihood of Gensler actually resigning during an election year is slim to none, and the odds of finding a nominee to replace him are “virtually impossible.”

Crenshaw’s Views On Bitcoin


Crenshaw’s potential exit could be more powerful. Unlike Gensler, she voted not to approve Bitcoin spot ETFs for U.S. markets in January even though the agency had already lost a court case on the matter months prior.

“These Commission actions are unsound and ahistorical,” Crenshaw wrote in a dissenting letter at the time. “And worse, they put us on a wayward path that could further sacrifice investor protection.”

The commissioner added that spot Bitcoin ownership is highly concentrated and said the crypto spot markets are a “petri dish” of fraudulent conduct.

“If the technology is so revolutionary, why do so many of its uses seem to revolve around recreating the existing financial system, except with less regulation, more opacity, fewer investor protections, and more risk?” she added.

The post Anti-Bitcoin SEC Commissioner Caroline Crenshaw May Soon Lose Her Seat appeared first on Cryptonews.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Stock

    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer: Oracleofomahasays.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Oracleofomahasays.com