SEC Commissioner Hester Peirce to Step Down on October 2

SEC Commissioner Hester Peirce, widely known as 'Crypto Mom' for her advocacy of clearer digital asset regulation, has announced she will step down on October 2. During her tenure, she championed a shift from enforcement-only actions toward innovation-friendly frameworks, including the recently introduced five-year innovation exemption for tokenized securities. Following her departure, the SEC will be left with only two commissioners, Chairman Paul Atkins and Commissioner Mark Uyeda. Peirce will transition to a role as an associate professor at Regent University Law School.