{"id":3944,"date":"2024-12-09T15:33:54","date_gmt":"2024-12-09T15:33:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3944"},"modified":"2024-12-09T15:33:54","modified_gmt":"2024-12-09T15:33:54","slug":"coinbase-ceo-slams-anti-crypto-sec-commissioner-urges-senate-to-vote-her-out","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3944","title":{"rendered":"Coinbase CEO Slams Anti-Crypto SEC Commissioner, Urges Senate To Vote Her Out"},"content":{"rendered":"
\n

Amid the excitement and expectations for Donald Trump\u2019s new industry-friendly administration, the crypto community and key figures continue to speculate about the coming changes in the regulatory space.<\/p>\n

Coinbase\u2019s CEO recently urged the US Senate Banking Committee to vote wisely on the re-nomination of an anti-industry Securities and Exchange Commission (SEC) commissioner, suggesting that the sector \u201cwill be watching.\u201d<\/p>\n

Coinbase CEO Urges Senate To Vote Anti-Crypto Commissioner Out<\/h2>\n

On Sunday night, Coinbase\u2019s CEO Brian Armstrong took X to weigh in on the upcoming US Senate Banking Committee vote on the re-nomination of SEC commissioner Caroline Crenshaw. Armstrong expressed<\/a> his opinion about the potential nomination of the anti-crypto SEC commissioner, stating that she was a \u201cfailure\u201d on her charge and should be voted out.<\/p>\n

Coinbase CEO\u2019s comment came after Fox Business journalist Eleanor Terrett revealed that the Senate Banking Committee would vote on Crenshaw\u2019s re-nomination this Wednesday, December 11.<\/p>\n

The journalist added that Crenshaw has been an \u201cally\u201d and supporter of outgoing<\/a> SEC Chairman Gary Gensler\u2019s anti-crypto policies. Additionally, the SEC commissioner pushed for stricter regulations and voted against approving Bitcoin spot exchange-traded funds (ETFs).<\/p>\n

Armstrong suggested that Crenshaw was \u201cworse than Gensler in some issues,\u201d which he \u201cdidn\u2019t think was possible,\u201d and urged the Senate Banking Committee to take note, as the crypto community will be watching the outcome. He also revealed that the voting results will be factored into the politicians\u2019 scorecards on Stand With Crypto.<\/p>\n

ETF expert James Seyffart also weighed<\/a> on the matter, sharing that to him, Crenshaw \u201cwasn\u2019t just an ally to Gensler.\u201d Instead, she was \u201cmore vehemently anti-crypto\u201d than the SEC chairman, as seen in her statement following the BTC ETFs approval.<\/p>\n

In the letter, the SEC commissioner condemned the decision to approve crypto-based exchange-traded products (ETPs), slamming against the purpose of Bitcoin and cryptocurrencies and the industry\u2019s developments:<\/p>\n

\"crypto,<\/p>\n

Despite Crenshaw\u2019s opposition, Bitcoin ETFs and the later-approved Ethereum spot ETFs mark a crucial milestone for the crypto industry, breaking several records in less than a year and achieving<\/a> $10 million in inflows just in the past month.<\/p>\n

The ETF expert also highlighted that the other Democratic commissioner at the time, Jaime Liz\u00e1rraga, didn\u2019t join Crenshaw on the dissent letter.<\/p>\n

Crypto Industry Prepares For Friendlier Changes<\/h2>\n

It is worth noting that Liz\u00e1rraga announced<\/a> his departure as an SEC commissioner soon after Gensler revealed he would step down in January, leaving Crenshaw as the only representative of the Democratic party among the agency\u2019s commissioners.<\/p>\n

If voted through, the SEC commissioner could serve on the agency for five more years. However, Terret noted that if the Senate doesn\u2019t nominate her, elected President Donald Trump will be able to propose<\/a> someone else.<\/p>\n

The re-elected US president recently announced his pick for the new SEC Chairman, nominating Paul Atkins as the Commission\u2019s leader. Moreover, the Coinbase CEO recently stated that the company would only work with law firms committed to the industry.<\/p>\n

As reported<\/a> by Bitcoinist, Armstrong announced that Coinbase would cut ties with the companies that hire the actors who actively participated in the sector\u2019s crackdown during the Biden-Harris administration.<\/p>\n

Ultimately, investors remain optimistic about the upcoming administration and the new pro-industry era once Trump takes office on January 20, 2025.<\/p>\n

\"Coinbase,<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Amid the excitement and expectations for Donald Trump\u2019s new industry-friendly administration, the crypto community and key figures continue to speculate about the coming changes in the regulatory space. Coinbase\u2019s CEO recently urged the US Senate Banking Committee to vote wisely on the re-nomination of an anti-industry Securities and Exchange Commission (SEC) commissioner, suggesting that the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3944","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3944"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3944\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}