Massachusetts Senator Elizabeth Warren will significantly impact the selection of a new Commissioner for the SEC, filling a vacancy on the commission. Three sources familiar with the discussions within the Democratic Party indicated that Warren holds a decisive voice in this process.

Vacancy on the SEC Commission

The SEC can consist of a maximum of three commissioners from the same party. Currently, two Democratic commissioners, including Chair Gary Gensler and Commissioner Jaime Lizárraga, are set to leave their positions in January. Trump has nominated Republican Paul Atkins to replace Gensler, meaning the remaining two commissioners must be Democrats, independents, or from a third party.

The Senate Banking Committee will decide next Wednesday whether to re-confirm Democratic Commissioner Caroline Crenshaw. This could fill one vacancy on the commission. However, at least one more Democratic commissioner is still needed.

Warren’s Stance on Crypto Regulations

Warren is known as one of the strongest critics of cryptocurrencies in the Senate. She advocates for strict regulation of the sector in the name of consumer protection and national security. In 2022, Warren worked on a bill that would classify most