Democrat Caroline Crenshaw’s nomination for another term as a commissioner at the Securities and Exchange Commission has faced new setbacks. A planned vote by the Senate Banking Committee was postponed after Senate Banking Committee Chair Sherrod Brown delayed the vote just minutes before it was set to occur on Wednesday morning, after the committee’s GOP members had arrived. Republican senators blocked Brown’s request to waive procedural rules and hold the vote later in the day, according to a Senate aide.
The delay pushed Crenshaw’s vote into the afternoon, conflicting with a Senate rule that restricts committees from meeting after the Senate has been in session for two hours or past 2:00 p.m. EST. A waiver could have allowed the vote to proceed, but Republicans, under the direction of Ranking Member Senator Tim Scott, blocked the waiver.
As a result, Brown will need to reschedule the vote, though it is unclear when this will happen. The request for comment is pending.
As reported by Fox Business journalist Eleanor Terrett, Brown said, “This is why people hate Washington. Corporate special interests have run a disgusting smear campaign against Caroline Crenshaw, an Army reservist and public servant who has been nominated and confirmed by a Republican President and Republican Senate. She has been thoroughly vetted and has gone through every step in the nomination process. Republican Senators are doing the bidding of corporate special interests and standing in the way of her confirmation.”
Crenshaw literally advocated for ignoring the Court of Appeals that oversees the SEC. As a party, you can’t constantly state that we are a nation of laws and then ignore the law when you don’t like it or disagree with it. What she did was a disgrace and it dishonored the oath she…
— John E Deaton (@JohnEDeaton1) December 11, 2024
In response to Brown’s statement, pro-XRP lawyer John Deaton criticized Caroline Crenshaw’s actions, accusing her of advocating for ignoring the Court of Appeals that oversees the SEC. Deaton argued that as a member of the SEC, Crenshaw cannot claim to uphold the rule of law while disregarding it when it doesn’t align with her views. He called her actions a “disgrace” and claimed it dishonored the oath she took.
