U.S. Senator Tim Scott Opposes Crypto-Unfriendly Caroline Crenshaw Nominated for Re-Election as SEC Commissioner

Senator Tim Scott, a senior member of the US Senate Banking Committee, issued a statement on the X platform, expressing his opposition to the upcoming nomination of candidates for the Biden administration on December 11. He believes that the Democratic Party's last-minute push for President Biden's nomination, including the re-election of Securities Exchange Commission (SEC) Commissioner Caroline Crenshaw, is a "clear attempt to hinder President Trump's agenda". Scott stressed that the American people have expressed their attitude towards the economic agenda in the November 6 election, calling for a cessation of relevant rule-making activities. It was reported this morning that the CEO of Coinbase called for the removal of the US SEC Commissioner Crenshaw, claiming that he had obstructed the Bitcoin ETF.