PANews reported on December 10 that according to CoinDesk, several crypto organizations including Cedar Innovation Foundation have published advertisements and letters opposing the nomination of Caroline Crenshaw, a Democratic SEC commissioner in the United States. Its digital advertising campaign calls Caroline Crenshaw "more extreme than Chairman Gary Gensler." Cedar Innovation Foundation emphasized in a statement that Crenshaw opposes the approval of spot Bitcoin ETFs and criticizes the cryptocurrency market as a "'petri dish' for fraud." The Blockchain Association and other lobbying groups have written to Senate lawmakers urging the rejection of the commissioner.

It is reported that the U.S. Senate Banking Committee is ready to consider the re-nomination of Caroline Crenshaw. Her current five-year term has expired and her term will be in a buffer period, which may last until the end of 2025.

Earlier news, Coinbase CEO called for the removal of US SEC Commissioner Crenshaw , saying he had obstructed Bitcoin ETF