{"id":83907,"date":"2024-07-11T15:05:20","date_gmt":"2024-07-11T19:05:20","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=83907"},"modified":"2024-07-11T15:05:27","modified_gmt":"2024-07-11T19:05:27","slug":"us-lawmakers-question-sec-commissioner-on-anti-crypto-position","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/us-lawmakers-question-sec-commissioner-on-anti-crypto-position\/","title":{"rendered":"US Lawmakers Question SEC Commissioner on Anti-Crypto Position"},"content":{"rendered":"\n

US lawmakers questioned SEC Commissioner Caroline Crenshaw on her crypto stance as the Senate considers her reappointment amidst discontent from crypto enthusiasts<\/a>.<\/p>\n\n\n\n

\"US
US Lawmakers Question SEC Commissioner on Anti-Crypto Position<\/figcaption><\/figure>\n\n\n\n

Over the past few months, legislators in the United States have questioned Caroline Crenshaw, the SEC Commissioner, regarding her outlook on cryptocurrency. This occurs as the Senate evaluates her candidacy for an additional term on the Commission.<\/p>\n\n\n\n

Crypto users expressed dissatisfaction with her perspectives on the asset class in the lead-up to the session, which occurred in the context of broader regulatory uncertainty in the United States.<\/p>\n\n\n\n

The SEC Commissioner's decisions were discussed among US legislators as she pursued an additional term. Crenshaw referenced the risk associated with the global spot market during a Senate Banking Committee meeting on July 11. Despite the groundbreaking Grayscale court ruling that introduced these products, Sen. Bill Hagerty cited widespread allegations of her opposition to spot Bitcoin ETFs<\/a>.<\/p>\n\n\n\n

Crenshaw stated that her decisions are predicated on public interest discoveries regarding the products associated with industry risks. In her testimonial, she emphasizes the necessity of reducing bad actor activities and establishing trust in the market.<\/p>\n\n\n\n

“It involves guaranteeing that investors have access to truthful and appropriate disclosures that assist them in making well-informed investment decisions.” It entails guaranteeing that investment professionals execute their obligations to customers and prioritize the interests of investors over their own.<\/p>\n\n\n\n

In addition, it necessitates the ability of smaller actors to compete by balancing the interests of those who participate in our markets.<\/p>\n\n\n\n

Sen. Hagerty articulated the views of the crypto community and expressed his concern regarding the SEC Commissioner<\/a>‘s stance, as crypto is a developing technology. Additionally, he acknowledged that the SEC cannot address the increasing prevalence of climate-related decisions.<\/p>\n\n\n\n

\n

Looks like the Senate Banking Committee will be considering the nominations of Christy Goldsmith Romero to the FDIC and Caroline Crenshaw to the SEC. Committee Republicans should pull out all the stops to block them. More to come.<\/p>— Pat Toomey (US Sen. ret.) (@SenToomey) July 11, 2024\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/blockquote>

The current regulatory loophole in the United States has spurred criticism of the SEC and legislators. The Commission has initiated numerous lawsuits against executives in the industry due to the uncertainty surrounding the regulations.<\/p>\n\n\n\n

In addition, crypto users have criticized regulators for impeding market growth. Congress overturned the SEC's SAB 21 this year, but the White House maintained its support. Additionally, the industry is concerned about the ambiguity surrounding the jurisdiction of crypto assets between the financial regulator and the Commodity Futures Trading Commission (CFTC)<\/use><\/svg><\/span><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

US lawmakers questioned SEC Commissioner Caroline Crenshaw on her crypto stance as the Senate considers her reappointment amidst discontent from crypto enthusiasts. Over the past few months, legislators in the United States have questioned Caroline Crenshaw, the SEC Commissioner, regarding her outlook on cryptocurrency. This occurs as the Senate evaluates her candidacy for an additional […]<\/p>\n","protected":false},"author":36,"featured_media":83919,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[20444,1092,4397],"class_list":["post-83907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-anti-crypto-position","tag-sec-commissioner","tag-us-lawmakers"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/SEC.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=83907"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/83919"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=83907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=83907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=83907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}