According to a report by Blockworks, starting next year, the U.S. Securities and Exchange Commission (SEC) will temporarily reduce the size of its committee team while awaiting Senate approval of President Donald Trump's nomination. During this period, only Republican commissioners Hester Peirce and Mark Uyeda will continue to serve after taking office. Peirce revealed that with the departure of SEC Chairman Gary Gensler, the agency's stance on the cryptocurrency industry will change significantly. At the Blockchain Association policy summit held earlier this month, Peirce stated, "We have strong tools and have always been inclined to use enforcement actions. I think when you see the new committee members' changes and composition changes, the types of cases may also change accordingly." Uyeda pointed out that due to the unique nature of federal agencies, most policy discussions occur in closed-door meetings. He explained, "(Administrative Procedure Act) allows the public to comment on regulations, ensuring transparency." However, when the guidance issued by SEC staff does not align with SEC rules (such as the SAB 121 case), the public has no opportunity to provide input. In the SAB 121 case, both houses of Congress attempted to overturn the policy requiring digital asset custodians to report liabilities and 'corresponding assets,' but President Biden ultimately vetoed the resolution. Uyeda hopes the SEC can increase opportunities for public input. Peirce emphasized that the SEC has come a long way on this path, and changing it is not easy. She directly addressed the cryptocurrency industry, saying, "It takes a lot of hard work and collaboration between us and you to get back on track, but I believe we can do it."

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