SEC · CryptoSlate
SEC drops to 2 members, and 1 hidden rule shifts crypto power
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Hester Peirce’s Oct. 2 resignation has left Paul Atkins and Mark Uyeda as the SEC’s two listed commissioners.
Key facts
- Hester Peirce’s Oct. 2 resignation has left Paul Atkins and Mark Uyeda as the SEC’s two listed commissioners
- The quorum amendment, dated Sept. 30 and effective Oct. 2, changes 17 CFR 200.41, the rule defining how many commissioners must be eligible to conduct Commission business
- A second pending measure is Regulation Crypto Assets, issued Aug. 18 and published Aug. 21
- Under 17 CFR 200.60, commissioners should carefully weigh qualification in matters involving interests and relationships, and an individual member’s qualification rests with that member
Summary
01 Hester Peirce’s Oct. 2 exit leaves Atkins and Uyeda as the SEC’s two listed commissioners for Commission decisions. 02 The new exception permits one eligible member’s quorum when every other sitting member is disqualified from that matter. 03 Custody and offering rules remain proposals, while tokenized-stock access relief is already an issued conditional order. Under the current roster, that combination puts future Commission decisions on crypto policy in fewer hands.