As the U.S. Senate Banking Committee prepares to vote on the reappointment of SEC Commissioner Caroline Crenshaw on Dec. 11, Consensys attorney Bill Hughes has expressed concerns about her record, particularly her stance on cryptocurrency regulation.
Hughes believes that her reappointment could be seen as an act of political hostility to the crypto industry, as her views contrast with growing support for crypto-friendly policies within the U.S. government, including the recent nomination of Paul Atkins by President-elect Trump as SEC Chairman.
Hughes has been a vocal critic of Crenshaw’s approach to cryptocurrency regulation. He noted that if the Senate votes to confirm her reappointment, it would be seen as a major step backward for the cryptocurrency industry. He specifically mentioned Crenshaw’s opposition to a Bitcoin ETF, a move that has drawn widespread criticism. (CoinGape)