#sec委员peirce将于10月2日离任
SEC has only two commissioners left as of October 2.
▪️ On 9/25, she posted a resignation photo herself, captioned with three words: T minus 7
▪️ There are 5 seats in total: 3 commissioners in office, and starting October 2 there will be only 2
▪️ The rules say: when there are fewer than three people in office, a quorum is defined as “the number of people in office”
▪️ Her term expired on 2025-06-05, and she stayed in office for about 16 more months thanks to a holdover provision ▪️ The White House has not nominated anyone yet; on the same day, SEC staff routinely issued a new FAQ about token buybacks and staking receipt tokens
The disagreement isn’t about who will take her seat—it’s about the fact that, after this, the person who filed the “opposition” no longer has a signature at the end. She joined the SEC in January 2018. Over eight years, most of the time she was in the minority; what she left behind wasn’t votes, but objections written into the official record—developers, lawyers, and Congress all use them as arguments. And in a committee of only two people, every vote is unanimous.
Two people can hold a meeting; but a committee with only two people is still without modern precedent. The two who remain are both Republican appointees. Among the vacant seats, one seat held by a Democrat was vacated in January, and the White House still hasn’t mentioned a single name. Her next stop will be announced in May—then she will go to law school in November.
Watch three things:
① When the White House nomination comes out;
② Who takes over the crypto working group she built by herself;
③ When documents that currently only list staff signatures will become numbered, formal rules.
Will you read this as regulation getting looser—or as nobody remembering the opposition anymore?$BTC
SEC has only two commissioners left as of October 2.
▪️ On 9/25, she posted a resignation photo herself, captioned with three words: T minus 7
▪️ There are 5 seats in total: 3 commissioners in office, and starting October 2 there will be only 2
▪️ The rules say: when there are fewer than three people in office, a quorum is defined as “the number of people in office”
▪️ Her term expired on 2025-06-05, and she stayed in office for about 16 more months thanks to a holdover provision ▪️ The White House has not nominated anyone yet; on the same day, SEC staff routinely issued a new FAQ about token buybacks and staking receipt tokens
The disagreement isn’t about who will take her seat—it’s about the fact that, after this, the person who filed the “opposition” no longer has a signature at the end. She joined the SEC in January 2018. Over eight years, most of the time she was in the minority; what she left behind wasn’t votes, but objections written into the official record—developers, lawyers, and Congress all use them as arguments. And in a committee of only two people, every vote is unanimous.
Two people can hold a meeting; but a committee with only two people is still without modern precedent. The two who remain are both Republican appointees. Among the vacant seats, one seat held by a Democrat was vacated in January, and the White House still hasn’t mentioned a single name. Her next stop will be announced in May—then she will go to law school in November.
Watch three things:
① When the White House nomination comes out;
② Who takes over the crypto working group she built by herself;
③ When documents that currently only list staff signatures will become numbered, formal rules.
Will you read this as regulation getting looser—or as nobody remembering the opposition anymore?$BTC
