Crypto groups reject the rejection of Caroline Crenshaw from the Sec

• Blockchain Association, Defi Education Fund and Cedar Innovation Foundation everyone spoke out against the appointment of Caroline Crenshaw as Sec-Commissioner.
• Clenshaw is a candidate of Joe Biden and is criticized for her negative attitude towards cryptocurrencies.

The crypto and blockchain supporter groups Blockchain Association and Defi Education Fund wrote to the US Senate Committee for Banks, Housing and City Affairs and expressed their resistance to the renewed confirmation of Secoline Crenshaw.

The Blockchain Association and the Defi Education Fund sent the letter to the chairman of the Senate Bank Committee, Senator Sherrod Brown, and the ranking member, Senator Tim Scott.

according to the Crenshaws Measures in the past four years have the mandate of the congresses To determine regulatory guidelines for the crypto industry, largely undermine.

"The Congress has the clear order from the American people to determine solidly and reasonable guidelines in connection with cryptocurrencies. Unfortunately, the term of office of Commissioner Clenshaw at the SEC was characterized by actions that seem to be in contradiction to this accusation," said the two groups in a common letter.

Last month the chairman of the SEC, Gary Gensler, and Commissioner Jaime Lizárraga announced that they left the agency in January. Hester Peirce, Caroline Crenshaw and Mark Uyeda remain, whereby Clenshaw 2020 joined and their term of office runs 2024.

Read more: Donald Trump chooses crypto supporter Paul Atkins as the next US Sec chairman

The Cedar Innovation Foundation also rejects the renewed nomination

The resistance to Crenshaw's renewed confirmation shows from the fact that they largely agree with the negative approach of the SEC compared to cryptocurrencies. In an important case, she contradicted the admission of Börsen-traded Spot-Bitcoin funds in the USA, even after the DC Circuit Court criticized the SEC for its "arbitrary and capricious" approach to rejection of the proposal of Grayscale to bring a spot-BTC-ETF to the stock exchange.

Apart from BA and DEF, the other resistance against Crenshaw's renowned came from the crypto interest group Cedar Innovation Foundation. The group supported by the industry has started an advertising campaign to convince the legislator to reject the renewed confirmation.

fox economic journalist Eleanor Terrett shared Cedars advertising plans on x.

The US Senate banking committee will vote on the decision on Wednesday. In the event of a permit, the candidate appointed by the Democrats will remain at the Sec four years until 2029.