Coinbase CEO Brian Armstrong has criticized SEC Commissioner Caroline Crenshaw, calling her a “failure” and urging her removal from office. This comes as the Senate Banking Committee prepares to vote on Crenshaw’s renomination on December 11, a decision that could extend her tenure until 2029. Armstrong cited her opposition to Bitcoin exchange-traded funds (ETFs) and accused her of being “worse” than SEC Chair Gary Gensler, a known critic of the industry.
Crenshaw has been a vocal critic of crypto, even describing the SEC’s approval of spot Bitcoin ETFs in January as “unsound and ahistorical.” Her opposition to financial products like Bitcoin ETFs, which are viewed as a critical bridge for mainstream crypto adoption, has made her a polarizing figure within the industry.
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