Caroline Crenshaw, a Democrat and current commissioner at the Securities and Exchange Commission (SEC), has encountered significant obstacles in her bid for renomination. The Senate Banking Committee, which was scheduled to vote on her nomination, postponed the vote unexpectedly. This decision was made by Senate Banking Committee Chair Sherrod Brown, who delayed the vote mere minutes before it was set to take place on a Wednesday morning, after the committee’s Republican members had already arrived.
Republican Senators Block Procedural Waiver
The postponement of the vote came after Republican senators blocked Brown’s attempt to bypass procedural rules and reschedule the vote later that day. A Senate aide revealed that the delay pushed the vote into the afternoon, conflicting with a Senate rule that limits committee meetings after the Senate has been in session for two hours or past 2:00 p.m. EST. While a waiver could have permitted the vote to continue, it was obstructed by Republicans, led by Ranking Member Senator Tim Scott.
Rescheduling and Uncertainty
As a consequence of the procedural block, Brown must now arrange a new date for the vote, though the timing remains uncertain. Requests for further comment on this development are currently pending.
Political Tensions and Accusations
Fox Business journalist Eleanor Terrett reported on Brown’s reaction, quoting him as saying, “This is why people hate Washington. Corporate special interests have mounted a vile smear campaign against Caroline Crenshaw, an Army reservist and public servant who has been nominated and confirmed by a Republican President and Republican Senate. She has been thoroughly vetted and has gone through every step in the nomination process. Republican Senators are doing the bidding of corporate special interests and standing in the way of her confirmation.”
Criticism from Pro-XRP Lawyer John Deaton
In a related development, John Deaton, a lawyer known for his support of XRP, criticized Crenshaw’s actions. He accused her of encouraging the disregard of the Court of Appeals overseeing the SEC. Deaton argued that as an SEC commissioner, Crenshaw must uphold the rule of law consistently, rather than dismissing it when it does not align with her personal views. He labeled her actions a “disgrace” and claimed they dishonored the oath she took.
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