Close Menu
Cryprovideos
    What's Hot

    Tether Invests in Shiga Digital To Help On-Chain Monetary Infrastructure in Africa

    June 6, 2025

    ETH Continues the Momentum as Nexchain Enters Stage 17 of Presale

    June 6, 2025

    Polymarket Proclaims Partnership with X

    June 6, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Coinbase CEO Criticizes Anti-Crypto SEC Commissioner
    Coinbase CEO Criticizes Anti-Crypto SEC Commissioner
    Crypto News

    Coinbase CEO Criticizes Anti-Crypto SEC Commissioner

    By Crypto EditorDecember 9, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Amid the joy and expectations for Donald Trump’s new industry-friendly administration, the crypto neighborhood and key figures proceed to take a position concerning the coming adjustments within the regulatory house.

    Coinbase’s CEO just lately urged the US Senate Banking Committee to vote correctly on the re-nomination of an anti-industry Securities and Trade Fee (SEC) commissioner, suggesting that the sector “shall be watching.”

    Coinbase CEO Urges Senate To Vote Anti-Crypto Commissioner Out

    On Sunday night time, Coinbase’s 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 his opinion concerning the potential nomination of the anti-crypto SEC commissioner, stating that she was a “failure” on her cost and needs to be voted out.

    Coinbase CEO’s remark got here after Fox Enterprise journalist Eleanor Terrett revealed that the Senate Banking Committee would vote on Crenshaw’s re-nomination this Wednesday, December 11.

    The journalist added that Crenshaw has been an “ally” and supporter of outgoing SEC Chairman Gary Gensler’s anti-crypto insurance policies. Moreover, the SEC commissioner pushed for stricter rules and voted in opposition to approving Bitcoin spot exchange-traded funds (ETFs).

    Armstrong prompt that Crenshaw was “worse than Gensler in some points,” which he “didn’t assume was doable,” and urged the Senate Banking Committee to take word, because the crypto neighborhood shall be watching the result. He additionally revealed that the voting outcomes shall be factored into the politicians’ scorecards on Stand With Crypto.

    ETF skilled James Seyffart additionally weighed on the matter, sharing that to him, Crenshaw “wasn’t simply an ally to Gensler.” As a substitute, she was “extra vehemently anti-crypto” than the SEC chairman, as seen in her assertion following the BTC ETFs approval.

    Within the letter, the SEC commissioner condemned the choice to approve crypto-based exchange-traded merchandise (ETPs), slamming in opposition to the aim of Bitcoin and cryptocurrencies and the {industry}’s developments:

    Coinbase CEO Criticizes Anti-Crypto SEC Commissioner

    Excerpt from SEC commissioner Crenshwa's letter after Bitcoin ETFs approval. Supply: US SEC

    Regardless of Crenshaw’s opposition, Bitcoin ETFs and the later-approved Ethereum spot ETFs mark a vital milestone for the crypto {industry}, breaking a number of data in lower than a 12 months and reaching $10 million in inflows simply previously month.

    The ETF skilled additionally highlighted that the opposite Democratic commissioner on the time, Jaime Lizárraga, didn’t be a part of Crenshaw on the dissent letter.

    Crypto Trade Prepares For Friendlier Adjustments

    It’s price noting that Lizárraga introduced his departure as an SEC commissioner quickly after Gensler revealed he would step down in January, leaving Crenshaw as the one consultant of the Democratic social gathering among the many company’s commissioners.

    If voted by way of, the SEC commissioner may serve on the company for 5 extra years. Nonetheless, Terret famous that if the Senate doesn’t nominate her, elected President Donald Trump will have the ability to suggest another person.

    The re-elected US president just lately introduced his choose for the brand new SEC Chairman, nominating Paul Atkins because the Fee’s chief. Furthermore, the Coinbase CEO just lately acknowledged that the corporate would solely work with legislation companies dedicated to the {industry}.

    As reported by Bitcoinist, Armstrong introduced that Coinbase would lower ties with the businesses that rent the actors who actively participated within the sector’s crackdown through the Biden-Harris administration.

    Finally, traders stay optimistic concerning the upcoming administration and the brand new pro-industry period as soon as Trump takes workplace on January 20, 2025.

    Coinbase, crypto, BTC, btcusdt, bitcoin

    Bitcoin (BTC) is buying and selling at $98,224 within the one-week chart. Supply: BTCUSDT on TradingView

    Featured Picture from Unsplash.com, Chart from TradingView.com



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Prime Crypto Presale Initiatives 2025: Nexchain, Web3 AI & BlockDAG

    June 6, 2025

    Finest Crypto Presale? Finest Pockets Token Raises $13 Million for Web3 Ecosystem – CryptoDnes EN

    June 6, 2025

    Breaking: Apple Exploring Crypto Integration

    June 6, 2025

    Trump Media submits new SEC submitting to buy $2.3B Bitcoin reserve

    June 6, 2025
    Latest Posts

    Bitcoin May Break The Greenback — $250K Prediction Nonetheless In Play, Billionaire Says

    June 6, 2025

    Bitcoin Layer 2: Ark

    June 6, 2025

    Might Labor Market Shock Overtake Inflation as Bitcoin’s Subsequent Macro?

    June 6, 2025

    New BTC Layer 2 ICO ‘Bitcoin Hyper’ Raises $500K – Finest New Cryptocurrency to Purchase?

    June 6, 2025

    Bitcoin Cycle Prime Is In—$270,000 Delayed Till 2026, Says Analyst

    June 6, 2025

    Trump Media submits new SEC submitting to buy $2.3B Bitcoin reserve

    June 6, 2025

    Palantir Is Violating Its Personal Rules By Avoiding A Bitcoin Treasury

    June 6, 2025

    Michael Saylor’s Technique ups Bitcoin wager with $1B inventory providing

    June 6, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Prime Crypto to Purchase in November 2024: Bitcoin, BNB, Cardano & BlockDAG

    November 7, 2024

    Sui Community's Exceptional DeFi Growth in 2024

    December 24, 2024

    Brazilian choose permits NFT subpoenas to Bitcoin wallets in high-profile fraud case

    April 1, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.