Stand with Crypto’s Anti-Crenshaw Campaign Attracts Over 52,000 Supporters

Key Points:

• Over 52,000 crypto supporters led by Stand with Crypto sent 107,000 emails to U.S. senators opposing the renomination of SEC Commissioner Caroline Crenshaw.
• The Senate Banking Committee abandoned two scheduled votes on Crenshaw’s renomination due to Republican opposition.

According to The Block, thousands of crypto supporters have launched a campaign to block the renomination of SEC Commissioner Caroline Crenshaw, inundating the U.S. Senate with emails in a campaign organized by the nonprofit Stand with Crypto.

Read more: Stand With Crypto Launched New Legal Defense Fund for NFT Projects   

Stand with Crypto Advocates Mobilize to Block SEC Nomination

Over the past week, about 107,000 emails from 52,000 advocates urged senators to vote against Crenshaw’s renomination.

Stand with Crypto‘s executive director, Logan Dobson, called the move to scrap the vote “a great first step toward reversing the SEC’s hostile attitude towards crypto” and allowing the sector to grow.

Kara Calvert, Coinbase’s vice president of U.S. policy, spotlighted the effort as evidence that crypto advocates have become more active in policy-making, not just elections.

Senate Scrubs Vote on Crenshaw’s Renomination Amid Opposition

Crenshaw, known for aligning herself with SEC Chairman Gary Gensler on a number of issues and opposing key crypto initiatives like spot Bitcoin ETFs, was originally appointed in 2020 under the Trump administration and renominated by President Biden. Her tenure has faced criticism from the crypto industry as perceived as hostile to digital asset innovation.

The Senate Banking Committee, led by Sen. Sherrod Brown, D-Ohio, has now scrubbed two attempts to vote on Crenshaw’s renomination. A vote scheduled for last week blew up when Republican senators objected to the meeting.

The committee also called off a vote planned for Wednesday due to a lack of time and ongoing opposition from Republicans. Congress is scheduled to adjourn on December 20, making the delays the effective end of any renomination effort for Crenshaw.