quorumrule

The SEC changed its quorum rule so that a single commissioner can now pass formal rules when only two are present. The change took effect on Oct. 2 after Commissioner Hester Peirce left, leaving Chair Paul Atkins and former Acting Chair Mark Uyeda as the two remaining members of the five‑person commission. With the White House yet to nominate replacements for the SEC and CFTC, each agency could be left with just one decision‑maker for months. The SEC had already issued a safe‑harbor proposal for tokens in August, and the CFTC followed in October, saying it would use existing authorities to regulate exchanges. Congress still may act on the Digital Asset Market Clarity Act, but a lame‑duck session may delay any bill.

#SEC #CryptoRegulation #QuorumRule