Hester Peirce Set to Depart SEC, Leaving Two Commissioners Behind

US SEC Commissioner Hester Peirce has announced her resignation from the Securities and Exchange Commission (SEC), effective October 2nd. She made the announcement on social media platform X, posting a letter stating her intention to leave. Known as 'Crypto Mom' in industry circles, Peirce has been a long-time advocate for clear regulations in the crypto space, even during periods of strict enforcement under Jay Clayton and Gary Gensler's leadership. In addition to her work on regulatory policies for mining, staking, meme coins, and other areas, she played a key role in defining the classification of various types of digital assets, thus clarifying their regulatory status.

In recent times, the SEC has begun introducing formal rules, including 'Regulation Crypto Assets', which establishes a framework for issuing cryptocurrencies without triggering strict securities regulations. Additionally, the agency has opened up the path for tokenization through its 'innovation exemption' program, with a five-year limited period. After her departure, Peirce will take on the role of Vice Professor at Regent University School of Law.

Her resignation leaves only two commissioners remaining: Atkins and Mark Uyeda. The SEC has also released an FAQ document addressing common questions regarding cryptocurrency, including how to avoid triggering 'necessary management efforts' during token sales, as well as issues surrounding staked tokens and secondary market investments.