SEC Reforms Under Trump Face Setback as Senate Blocks Crenshaw Nomination
SEC reforms enter a new phase as the Senate blocked Caroline Crenshaw’s renomination to the Securities and Exchange Commission. The decision came after strong pushback from crypto supporters. Over 107,000 emails from crypto advocates helped shape the Senate’s decision against the commissioner known for her anti-crypto stance.
— Eleanor Terrett (@EleanorTerrett) December 18, 2024
NEW: At a meeting with staffers for @SECGov commissioners @HesterPeirce and Mark Uyeda this week, the @DigitalChamber’s Token Alliance included denouncing the 2018 #Hinman speech as a Day 1 priority for the Corporation Finance division, citing its lack of relevance to the Howey… pic.twitter.com/5RACe4vBNL
Also Read: Why Is Bitcoin (BTC) Falling Today?
How SEC Reforms Could Transform Cryptocurrency Regulations Amid Senate Block
Digital Chamber’s Vision for Reform
— Eleanor Terrett (@EleanorTerrett) December 18, 2024
Now Crenshaw is out, the crypto industry is wasting no time floating names of pro-crypto Democrats they would like to see fill the minority seats on the commission.https://t.co/NLSEVKCC4y
The Digital Chamber’s Token Alliance met with SEC staff working for Commissioners Hester Peirce and Mark Uyeda. They discussed 2025 policy priorities. Eleanor Terrett reported, “Denouncing the 2018 Hinman speech is a Day 1 priority for the Corporation Finance division, citing its lack of relevance to the Howey test, creating market confusion and ‘improperly creating a winner/loser dynamic.'” These SEC reforms seek to make crypto rules clearer.
Leadership Changes and Industry Impact
The upcoming SEC reforms under Trump could change how crypto is regulated. Paul Atkins, picked by Trump for SEC Chair, has shown support for crypto. Fox Business journalist Eleanor Terrett states, “Gary Gensler, the SEC Chairman, is expected to leave in January.” The Token Alliance wants the SEC to review current investigations and stop cases lacking fraud evidence.
Also Read: Top 3 Cryptocurrencies To Watch This Weekend
Democratic Replacement Search
Laws require Crenshaw’s successor to be a Democrat. Top choices include Georgetown law professor Chris Brummer and Anchorage Digital’s TuongVy Le. Senator Cynthia Lummis believes “2025 will be a Bitcoin year,” with David Sacks possibly becoming a crypto czar.
Future Policy Direction
New SEC reforms aim to remove SAB 121 and change rules about DeFi exchanges. The Digital Chamber shared plans showing “policy changes that industry feels would help kickstart a new, more positive relationship between crypto market participants and the agency.” These cryptocurrency regulations could reshape digital asset trading.
Also Read: Amazon Stock Rises as AMZN Plans $10B AI Investment
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Weekly Crypto Regulation News Roundup: Lawmakers Question if Trump Influences SEC, Fed’s CBDC Bill Blocked
Grayscale moves closer to Solana ETF with SEC filing
SEC Reforms Under Trump Face Setback as Senate Blocks Crenshaw Nomination
SEC reforms enter a new phase as the Senate blocked Caroline Crenshaw’s renomination to the Securities and Exchange Commission. The decision came after strong pushback from crypto supporters. Over 107,000 emails from crypto advocates helped shape the Senate’s decision against the commissioner known for her anti-crypto stance.
— Eleanor Terrett (@EleanorTerrett) December 18, 2024
Also Read: Why Is Bitcoin (BTC) Falling Today?
How SEC Reforms Could Transform Cryptocurrency Regulations Amid Senate Block
Digital Chamber’s Vision for Reform
— Eleanor Terrett (@EleanorTerrett) December 18, 2024
Now Crenshaw is out, the crypto industry is wasting no time floating names of pro-crypto Democrats they would like to see fill the minority seats on the commission.https://t.co/NLSEVKCC4y
The Digital Chamber’s Token Alliance met with SEC staff working for Commissioners Hester Peirce and Mark Uyeda. They discussed 2025 policy priorities. Eleanor Terrett reported, “Denouncing the 2018 Hinman speech is a Day 1 priority for the Corporation Finance division, citing its lack of relevance to the Howey test, creating market confusion and ‘improperly creating a winner/loser dynamic.'” These SEC reforms seek to make crypto rules clearer.
Leadership Changes and Industry Impact
The upcoming SEC reforms under Trump could change how crypto is regulated. Paul Atkins, picked by Trump for SEC Chair, has shown support for crypto. Fox Business journalist Eleanor Terrett states, “Gary Gensler, the SEC Chairman, is expected to leave in January.” The Token Alliance wants the SEC to review current investigations and stop cases lacking fraud evidence.
Also Read: Top 3 Cryptocurrencies To Watch This Weekend
Democratic Replacement Search
Laws require Crenshaw’s successor to be a Democrat. Top choices include Georgetown law professor Chris Brummer and Anchorage Digital’s TuongVy Le. Senator Cynthia Lummis believes “2025 will be a Bitcoin year,” with David Sacks possibly becoming a crypto czar.
Future Policy Direction
New SEC reforms aim to remove SAB 121 and change rules about DeFi exchanges. The Digital Chamber shared plans showing “policy changes that industry feels would help kickstart a new, more positive relationship between crypto market participants and the agency.” These cryptocurrency regulations could reshape digital asset trading.
Also Read: Amazon Stock Rises as AMZN Plans $10B AI Investment
Read More
Weekly Crypto Regulation News Roundup: Lawmakers Question if Trump Influences SEC, Fed’s CBDC Bill Blocked