SEC Commissioner Hester Peirce departs, leaving SEC and CFTC with three total commissioners
SEC Commissioner Hester Peirce has stepped down after roughly eight to nine years, leaving the SEC and CFTC with just three combined commissioners to oversee U.S. crypto regulation.
Securities and Exchange Commission Commissioner Hester Peirce, known in the crypto sector as 'Crypto Mom,' stepped down on Oct. 2 after about eight to nine years at the agency. Ahead of her departure, Peirce reflected on her tenure in an interview with The Block, addressing her work on crypto regulation, unfinished goals, developer protections, financial privacy, and intermediaries.[1][3][4][6][8][9]
Peirce's exit leaves seven empty commissioner seats across both the SEC and the Commodity Futures Trading Commission, reducing their collective leadership to only three officials. According to BSCNews, Chair Paul Atkins and Mark Uyeda remain as the SEC's only commissioners, while the CFTC has just one commissioner, Chair Michael Selig, following the exit of Caroline Pham.[2][5][7][9]
The three remaining leaders are tasked with overseeing aspects of the approximately $3 trillion crypto industry. Crypto Briefing reported that Peirce had served as crypto's most prominent regulatory ally at the SEC, noting that her departure leaves the agency with a narrowed perspective that could slow progress on clear digital asset guidelines and delay key regulatory actions.[4][5][6][7]
Key facts
- Hester Peirce resigned from the SEC on Oct. 2 after serving as commissioner for about eight to nearly nine years.
- Seven commissioner seats across the SEC and CFTC are vacant following Peirce's departure.
- The SEC and CFTC will operate with a combined total of three commissioners overseeing aspects of the $3 trillion crypto industry.
- The SEC's remaining commissioners are Chair Paul Atkins and Mark Uyeda, while the CFTC is left with only Chair Michael Selig following Caroline Pham's departure.
- In an interview with The Block, Peirce addressed crypto regulation, developer protections, financial privacy, and the role of intermediaries.
- Crypto Briefing reported that the leadership shortage may delay regulatory actions and slow the implementation of clear digital asset rules.
Sources · 7 sources
- TB
The Block@TheBlockCoPost on X ·
THE BLOCK: SEC Commissioner Hester Peirce is wrapping up her time at the agency this week. In an exclusive interview with The Block, she reflects on her work on crypto regulation, what she still wanted to get done, developer protections, financial privacy, the role of intermediaries and what's next.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🇺🇸 JUST IN: U.S. crypto regulation at the SEC and CFTC will be overseen by just three commissioners after Hester Peirce leaves the SEC on Oct.
Open source - CO
CoinMarketCap@CoinMarketCapPost on X ·
THIS WEEK: 🇺🇸 Hester Peirce, also known as "Crypto Mom," will resign as SEC commissioner on Oct. 2 after nearly nine years. https://t.co/LcZBnkuer8
Open source - CB
Crypto BriefingArticle ·
SEC Commissioner Hester Peirce exits after eight years as crypto’s most prominent regulatory ally Peirce's departure may slow crypto regulation progress, impacting SEC's ability to swiftly implement clear digital asset guidelines. The post SEC Commissioner Hester Peirce exits after eight years as crypto’s most prominent regulatory ally appeared first on Crypto Briefing .
Open source - CT
Coin TelegraphArticle ·
Crypto regulation at SEC, CFTC to come down to 3 commissioners following key resignation Seven commissioner seats at the SEC and CFTC will be empty after Friday, leaving only a few leaders at financial regulators to oversee aspects of the $3 trillion crypto industry.
Open source - CB
Crypto BriefingArticle ·
Hester Peirce leaves SEC after eight years shaping crypto policy Peirce's departure leaves the SEC with a narrowed perspective, potentially impacting future crypto regulation and innovation initiatives. The post Hester Peirce leaves SEC after eight years shaping crypto policy appeared first on Crypto Briefing .
Open source - CB
Crypto BriefingArticle ·
US SEC and CFTC to operate with just three commissioners after Peirce’s departure The reduced SEC and CFTC leadership may delay crucial regulatory actions, impacting the crypto industry's adaptation to evolving policies. The post US SEC and CFTC to operate with just three commissioners after Peirce’s departure appeared first on Crypto Briefing .
Open source - BL
BlockNews@blocknewsdotcomPost on X ·
🚨 THIS WEEK: 🇺🇸 SEC Commissioner Hester Peirce, widely known as “Crypto Mom,” will step down on Oct. 2 after nearly nine years at the agency. https://t.co/1G8KAcuSd5
Open source - BS
BSCN@BSCNewsPost on X ·
US Crypto Regulation Faces a Leadership Gap Hester Peirce will leave the SEC on October 2 after serving as a commissioner for about eight years. Her departure will leave Chair Paul Atkins and Mark Uyeda as the agency’s only remaining commissioners. The CFTC already has just one commissioner, Chair Michael Selig, following Caroline Pham’s departure. That leaves three commissioners combined across two agencies responsible for significant parts of US financial oversight. The leadership gap comes as both agencies continue developing crypto rules without new congressional legislation.
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