President Joe Biden has renominated Democrat Caroline Crenshaw for a second term as SEC Commissioner. This move has sparked backlash from the crypto community due to Crenshaw’s consistent anti-crypto stance, including her vote against approving spot Bitcoin ETFs.
During her tenure, Crenshaw has been a vocal advocate for stringent crypto policies, often aligning with SEC Chair Gary Gensler. Critics, including prominent voices like Ryan Selkis, have denounced Biden’s dual approach of soliciting crypto donations while appointing anti-crypto officials.
Ryan Selkis and other crypto proponents have expressed strong disapproval, suggesting that donations to Biden’s campaign without policy changes would be a betrayal. This situation highlights the ongoing tensions between the Biden administration’s policies and the crypto community, with potential implications for future elections.
