The post Crypto Wins: Caroline Crenshaw’s SEC Term Ends appeared first on Coinpedia Fintech News
Caroline Crenshaw would not be returning as an SEC Commissioner. Her term is officially ending in January. The Senate Banking Committee has decided not to Re-nominate her. This feels like a big win for crypto people. Crenshaw has been a huge critic of cryptocurrency and often clashed with the industry. Now, with her departure and resignation of Gary Gensler, things could be very different at the SEC.
Crenshaw’s Anti-Crypto Legacy
Crypto people would be happy as Caroline Crenshaw’s SEC term ends. She was not exactly a favorite in the space. Her close relations with Gary and following his vision of a tough stance towards crypto made her the target for criticism. As a fun fact, the crypto industry poured millions into lobbying efforts to block her renomination, and it worked. People from the crypto industry spend huge funds to support candidates who align with industry goals
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