Dark money group tied to crypto tries to quash SEC nomination vote
The Cedar Innovation Foundation launched an attack ad ahead of a congressional committee vote on Caroline Crenshaw’s renomination as an SEC commissioner.
An organization that has been lobbying the United States government for policies favoring the crypto industry is pushing for lawmakers in a congressional committee to oppose the renomination of Caroline Crenshaw at the Securities and Exchange Commission (SEC).
In a Dec. 9 notice, the Cedar Innovation Foundation said it had launched a “five-figure, multi-channel” digital campaign urging US lawmakers to reject Crenshaw’s nomination for a second term at the SEC. The group claimed that the SEC commissioner was “more anti-crypto” than Chair Gary Gensler on policies like spot Bitcoin (BTC) exchange-traded funds.
“Last month, Americans voted for pro-innovation leadership, and this Sherrod Brown bait-and-switch directly defies the will of the voters,” said Cedar. “We urge lawmakers to vote ‘no.’”
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Author: Turner Wright
