Ripple CLO Criticizes SEC Commissioner Crenshaw Over Bitcoin ETF Stance

As the Senate Banking Committee is about to vote on Crenshaw’s re-nomination, Alderoty and other crypto leaders are saying her policies are stunting innovation and growth in the digital asset space.

Crypto Industry Voices Concern

Other industry leaders are joining Alderoty in opposing Crenshaw’s re-nomination. Coinbase CEO Brian Armstrong called her stance on Bitcoin ETFs a “failure for the future of finance”. Bill Hughes of ConsenSys said re-nominating Crenshaw would “stifle progress in the space”.

Crenshaw’s policies are the opposite of the pro-crypto sentiment growing in the US government, especially with the nomination of crypto advocate Paul Atkins as SEC Chair by President-elect Trump.

The Chamber of Digital Commerce is also urging the Senate to reject Crenshaw’s re-nomination, saying her approach would hold back America’s leadership in blockchain.

Broader Implications for the Crypto Space

The crypto community sees Crenshaw’s re-nomination as a make or break moment for the industry. With regulators like Crenshaw seen as obstacles to innovation, her re-nomination would mean more regulatory hostility. Rejecting her would mean policies that follow the technology and global competition.

Key Points:

• Ripple CLO Stuart Alderoty accuses SEC’s Caroline Crenshaw of anti-crypto bias, especially over Bitcoin ETF rulings.

• Coinbase CEO Brian Armstrong calls Crenshaw’s tenure a “failure” for opposing crypto-friendly innovations.

• Senate’s decision on Crenshaw’s renomination could either hinder or foster crypto growth in the U.S.