XRP Lawsuit: Experts Fear Crenshaw’s Return to SEC Could Tip the Scales Against Ripple

The post XRP Lawsuit: Experts Fear Crenshaw’s Return to SEC Could Tip the Scales Against Ripple appeared first on Coinpedia Fintech News

Senate Democrats are aiming to fast-track the reconfirmation of SEC Commissioner Caroline Crenshaw this week, but experts and industry advocates are urging the Senate Banking Committee to reconsider. Many argue that Crenshaw, who has been a staunch ally of anti-crypto SEC Chair Gary Gensler, should not be re-nominated due to her track record of opposing pro-crypto policies.

Fox Business journalist Eleanor Terrett reported that the Senate Banking Committee is scheduled to vote next Wednesday on Crenshaw’s re-nomination. If confirmed, she would remain on the SEC until 2029. If the Senate does not approve her reappointment, President Trump would have the opportunity to nominate a new candidate.

Gemini’s Tyler Winklevoss wrote, “The Senate Banking Committee should not re-nominate SEC Commissioner Crenshaw. The American people voted overwhelming for change at the SEC, not for more anti-crypto decels. Senators should respect and honor this mandate.”