Hester Peirce plans to leave the Securities and Exchange Commission on Oct. 2, leaving Chair Paul Atkins and Commissioner Mark Uyeda to handle a crypto offering proposal still open for comment. The agency can legally operate with two commissioners. Whether the two agree on what its final rules should say is the question her exit brings forward.
Summary
- Peirce plans to leave on Oct. 2, leaving 2 commissioners in office unless a replacement arrives.
- SEC rule 200.41 permits a quorum of 2 when only 2 commissioners hold office.
- A federal appeals court upheld an SEC decision issued by 2 commissioners in 1996.
- Comments on Regulation Crypto Assets are due Oct. 20, 18 days after…
