You are currently viewing SEC Commissioner Grilled on Bitcoin ETFs as Senators Weigh U.S. Regulator Nominees
Four nominees for regulatory positions across the Biden administration were questioned in a Senate Banking Committee confirmation hearing on Thursday. Crypto only came up a few times, including in the questioning of the Securities and Exchange Commission’s Caroline Crenshaw on bitcoin trading products.

Commissioner Caroline Crenshaw of the U.S. Securities and Exchange Commission (SEC) told senators on Thursday that rampant fraud in crypto markets left her unwilling to approve bitcoin exchange traded products earlier this year.

In a nomination hearing before the Senate Banking Committee, Crenshaw and others seeking Senate confirmations defended their records. Crypto issues received only minimal attention, including in the questioning of Crenshaw as she seeks another SEC term.

In January, after the SEC lost a court battle with Grayscale and reversed

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