Coinbase CEO Brian Armstrong has criticized SEC Commissioner Caroline Crenshaw, calling her a “failure” and suggesting she be removed from office. His comments come ahead of a Senate Banking Committee vote on Crenshaw’s renomination on December 11, which could extend her tenure until 2029. Armstrong cited her opposition to Bitcoin ETFs and accused her of being “worse” than SEC Chair Gary Gensler, a known critic of the industry.
He also criticized the SEC’s enforcement strategy, accusing the agency of an “unlawful” campaign against the crypto industry. The Senate vote on Crenshaw’s renomination is taking place amid significant leadership shifts at the SEC.
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