Hester Peirce leaves the SEC on Oct. 2, leaving the commission with two members
After she leaves on Oct. 2, Chairman Paul Atkins and Republican Mark Uyeda will remain, and two members are enough for a quorum, per CoinDesk.
Peirce announced her resignation on X on Friday, the same day the SEC published new crypto FAQs, including ones on essential managerial efforts and staking receipt tokens. She led the SEC's crypto task force and will become an associate professor at Regent University School of Law, per CoinDesk. The Trump administration has not named Democratic nominees for the vacancies.
Summer Mersinger will step down as head of the Blockchain Association on Oct. 16. Both announced their exits 10 days after the Senate blocked the Clarity Act, per Unchained.