Senate Vote Has Major Ramifications for Cryptocurrency Landscape

U.S. Senate Blocks Caroline Crenshaw’s SEC Re-Nomination: What It Means for Crypto

In a major development that may alter the trajectory of cryptocurrency and blockchain regulation, the U.S. Senate has decided not to re-nominate Caroline Crenshaw as a Commissioner at the Securities and Exchange Commission (SEC). This decision could have significant implications for the industry, particularly in light of the looming changes expected in the regulatory landscape.

Crenshaw’s stance on crypto was widely criticized by the community, with many considering her a vocal opponent of digital assets. Her re-nomination would have potentially maintained the status quo at the SEC, which has been largely unfavorable to the growth and development of cryptocurrencies.

Source: coinpedia.org