The SEC is set to undergo changes next year, potentially affecting cryptocurrency regulation.
Changes in SEC Leadership
With SEC Chair Gary Gensler's departure, Republican commissioners Hester Peirce and Mark Uyeda will remain. These changes may influence the agency's approach to regulating the crypto sector.
Enforcement's Role in Regulation
At the Blockchain Association Policy Summit, Peirce noted that enforcement has been the primary means of regulating the crypto industry. She anticipates changes in case selection and regulatory strategies with new commissioners incoming.
Transparency and Public Involvement
Mark Uyeda highlighted the need for transparency in SEC policymaking. He emphasized the importance of the Administrative Procedure Act in enabling public input on regulations and ensuring accountability. Uyeda also pointed out policies like SAB 121 were implemented without public input, resulting in criticism.
Commissioners Peirce and Uyeda have shown commitment to enhancing public involvement in SEC rules and the need for teamwork among regulators.
