SEC Commissioner Hester Peirce to Step Down on October 2

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce, often referred to as "Crypto Mom," has announced her resignation effective October 2. Known for her advocacy for clear crypto regulations, Peirce has been instrumental in shaping policies regarding mining, staking, and meme coins, and recently led the SEC's crypto task force. Following her departure, the SEC will be left with two commissioners, Atkins and Mark Uyeda, which meets the quorum requirement. Peirce is set to join Regent University School of Law as an associate professor. On the same day, the SEC released a FAQ document addressing regulatory concerns such as token marketing, staking receipt tokens, and the definition of investment contract promoters in secondary markets.