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Caroline Crenshaw, an SEC Commissioner, has been vocal in her opposition to Bitcoin spot ETFs, citing widespread fraud in the cryptocurrency market. In a recent Senate nomination hearing, she was questioned by Senator Hagerty about her stance, which appears to contradict a previous court ruling by the DC Circuit in January favoring Grayscale's Bitcoin ETF application. Crenshaw emphasized the need to make public interest findings on individual exchange-traded products (ETPs). Her concerns revolve around the potential risks these ETFs pose to U.S. retirement funds.
🚨 SEC vs. Bitcoin ETFs: Crenshaw’s Stand Biden’s nominees faced the Senate, with crypto taking a backseat. SEC’s Crenshaw slammed Bitcoin ETFs, citing rampant market fraud. Her main worry? These ETFs could endanger U.S. retirement funds. A cautious move or missing out on… https://t.co/rzQ0sVHAw3
🚨 Crypto Showdown: SEC’s Crenshaw vs. Bitcoin ETFs Four of Biden’s picks for top finance gigs hit the Senate spotlight, but crypto got little love. SEC’s Crenshaw isn't vibing with Bitcoin ETFs, calling out massive fraud in the crypto scene. She fears these ETFs could wreck… https://t.co/9ZqZ8vvYWT
[COINDESK] SEC Commissioner Grilled on #Bitcoin ETFs as Senators Weigh U.S. Regulator Nominees