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The Senate Banking Committee on Tuesday decided to abandon its effort to re-confirm SEC Commissioner Caroline Crenshaw. 

The news, somewhat ironically, was leaked while Sen. Tim Scott, the Republican gunning to lead the Banking Committee next session, was wrapping up his remarks at the Blockchain Association event. 

Crenshaw’s confirmation vote, initially scheduled for last week, was postponed after Senate Republicans successfully blocked it.

“Having fought ‘train Crenshaw’ for the last several months… to have a resounding victory of not having her go forward last week,…

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