Caroline Crenshaw’s SEC Commissioner Nomination Faces Setbacks
Democrat Caroline Crenshaw’s nomination for another term as a commissioner at the Securities and Exchange Commission has encountered obstacles as a planned vote by the Senate Banking Committee was postponed. The delay came after Senate Banking Committee Chair Sherrod Brown sought to reschedule the vote, but Republican senators blocked his request.
Delay and Obstacles
The Senate Banking Committee Chair, Sherrod Brown, delayed the scheduled vote just minutes before it was set to occur on Wednesday morning. The GOP members of the committee had already arrived, but Republicans blocked Brown’s request to waive procedural rules and hold the vote later in the day. The vote was pushed into the afternoon, conflicting with Senate rules that restrict committees from meeting after the Senate has been in session for two hours or past 2:00 p.m. EST. The waiver to allow the vote to proceed was also blocked by Republicans, led by Ranking Member Senator Tim Scott.
Rescheduling the Vote
With the vote postponed, it is now up to Brown to reschedule the confirmation vote for Caroline Crenshaw. The timeline for the rescheduled vote remains uncertain at this time as further discussions and negotiations are underway.
Reactions and Criticisms
Fox Business journalist Eleanor Terrett reported Brown’s response to the delay, where he criticized the actions of Republican Senators, accusing them of doing the bidding of corporate special interests. He defended Crenshaw as an Army reservist and public servant who has been thoroughly vetted and gone through the nomination process.
However, pro-XRP lawyer John Deaton voiced his criticism of Crenshaw, accusing her of advocating for disregarding the Court of Appeals that oversees the SEC. Deaton argued that as a member of the SEC, Crenshaw should uphold the rule of law and not ignore it when it is inconvenient.
The ongoing debate and delays surrounding Caroline Crenshaw’s nomination highlight the political tensions and interests at play within the SEC and Senate committees. The outcome of the rescheduled vote will determine the future of Crenshaw’s role as an SEC commissioner.