The US Senate postponed its vote on the renomination of SEC Commissioner Caroline Crenshaw. The decision stems from compliance issues with procedural rules caused by a shift in the initial timing of the vote. The Senate must vote on Crenshaw's renomination within the week, as Congress is slated to adjourn for the year in seven days.
Due to the shift in timing, the vote conflicted with a Senate procedural rule prohibiting any Senate committee or subcommittee from meeting after staying in session for two hours or after 2:00 p.m. EST, Fox Business reporter Eleanor Terret stated. She also alleged that the shift to an afternoon vote might have been the work of certain committee members who may not be comfortable with being washed by crypto industry players.