U.S. Senate vote on SEC Commissioner Crenshaw's re-election "to be determined"

A U.S. senator’s vote to re-nominate SEC Commissioner Caroline Crenshaw for another term is currently pending as the digital asset industry objects to her anti-cryptocurrency stance. A person with knowledge of Crenshaw’s nomination process said the outcome of the vote was “to be determined.” The vote was scheduled for Wednesday as part of a hearing of the U.S. Senate Banking Committee. According to a statement released late Wednesday, the committee’s chairman, Ohio Democratic Senator Sherrod Brown, said Republicans blocked the committee from holding a vote to nominate Crenshaw and Gordon Ito to the Financial Stability Oversight Council. Brown said the committee, which convened more than two hours after the Senate opened, required unanimous consent from all senators, which is usually achievable. However, Republicans opposed holding a meeting for a vote. "This is why people hate Washington," Brown said in a statement. "Corporate special interests have waged a disgusting smear campaign against Caroline Crenshaw, an Army Reservist and public servant who has been nominated and confirmed by a Republican President and a Republican Senate. She has been thoroughly vetted and has gone through every step of the nomination process. Republican senators are doing the bidding of corporate special interests and blocking her confirmation." (The Block)