SEC Commissioner Hester Peirce to Resign Oct. 2, Leaving Two Members
Peirce plans to join Regent University School of Law as an associate professor in November after serving on the agency since 2018.
SEC Commissioner Hester Peirce plans to resign Oct. 2, removing one of the agency’s most prominent advocates for clearer cryptocurrency rules and leaving the regulator with two members.
Peirce’s resignation letter was posted Sept. 25. After her departure, SEC Chairman Paul Atkins and Commissioner Mark Uyeda would remain on the commission.
Peirce joined the SEC in 2018 and became associated with the “Crypto Mom” nickname among digital-asset advocates. She is expected to join Regent University School of Law as an associate professor in November.
The SEC and Commodity Futures Trading Commission issued an interpretation effective March 23 covering crypto assets, protocol staking, liquid staking and staking receipt tokens. The interpretation said qualifying staking activities and certain staking receipt tokens do not involve securities offerings under the circumstances described, while noting that different facts could lead to a different legal analysis.
Peirce said in a June speech that she was leaving Washington, D.C., after nearly 30 years and moving to the beach. Her resignation takes effect Oct. 2.
