Industry backlash over SEC Commissioner Crenshaw's reelection bid

The possibility of reelection of current U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw has raised concerns about the cryptocurrency industry.
The U.S. Senate Banking Committee has expressed concerns after SEC Chief Executive Caroline Crenshaw, who has been a staunch critic of cryptocurrencies, said in a statement.
Crenshaw's reelection will be decided on the 11th. Cryptocurrency industry participants have expressed dissatisfaction with her possible reelection.
Crenshaw was one of two SEC commissioners who voted against approving a Bitcoin exchange-traded fund (ETF) in January of this year.
Emily Chai, president and chief operating officer of cryptocurrency exchange Coinbase,
On the 7th, ie Choi posted on X (formerly Twitter) that "Caroline Crenshaw is a person with anti-virtual asset tendencies. She is embarrassed to even oppose a Bitcoin ETF.
"The SEC has shown itself to be a force for good. It has to change," said Alexander Grieve, vice president of government affairs at crypto investment firm Paradigm.
"I think that Chairman Sherrod Brown, the chairman of the Senate Banking Committee, is a big influence on the economy," he said.
Brown is trying to force the reelection of anti-cryptocurrency SEC Commissioners," and called it "a campaign against cryptocurrencies."
Bloomberg ETF analyst James Seyffart criticized the move, saying in a post on X on the 7th, "Caroline Crenshaw is a SEC Chairman Gary
"Not only is he an 'ally' of Gary Gensler, but he is even more opposed to crypto than Gensler."
Crenshaw will become an SEC commissioner in August 2020 and will be the first to approve a domestic Bitcoin ETF in January 2024.
I have previously described this as irrational and ahistorical.