Anti-crypto SEC Commissioner Crenshaw's re-nomination vote canceled, with a high probability of losing re-election

On Wednesday, the vote to re-nominate Caroline Crenshaw, a U.S. Securities and Exchange Commissioner, was canceled, which may mean that she will lose the opportunity to be re-elected at the SEC. The U.S. Senate Banking Committee was scheduled to vote last Wednesday on whether to extend Crenshaw's term at the SEC, where she has served since 2020. The vote was originally scheduled for this Wednesday, but the Senate website now shows that the vote has been canceled. A Senate aide familiar with the situation said that the vote has now been rejected and it is impossible to reschedule. This means that the possibility of Crenshaw's re-election as an SEC commissioner is almost zero. In order to remain at the SEC, Crenshaw must be approved by the Senate Banking Committee before the end of the current congressional session, but the 2024 congressional term ends on December 18. After that, Crenshaw can continue to seek re-election to the committee, but she must be approved by the new Republican-controlled Congress, which is obviously unlikely. (Decrypt)