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Senate scraps vote to renominate SEC's Crenshaw following crypto backlash

Summary by Fox Business
The Senate Banking Committee has scrapped a vote to advance the renomination of Democrat and crypto-skeptic Securities and Exchange Commissioner Caroline Crenshaw to another term as Wall Street's top officer. The move comes after an intense lobbying effort by major players in the crypto industry to convince Senate Democrats to block President Biden’s renomination of Crenshaw to another five-year term.The Senate Banking Committee – still controll…
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