According to PANews on December 26, as reported 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. According to Peirce, with SEC Chairman Gary Gensler's departure, the agency's stance on the crypto industry will undergo significant changes.
At the recent blockchain association policy summit held earlier this month, Peirce stated: "We have strong tools and have always tended to use enforcement measures. I believe that when you see changes in the new committee members and changes in composition, the types of cases may also change accordingly." Uyeda pointed out that due to the peculiarities of federal agencies, most policy discussions take place in closed-door meetings. He explained: "(The Administrative Procedure Act) allows the public to comment on regulations, thereby ensuring transparency."
However, when the guidance issued by SEC staff does not align with SEC rules (such as in the SAB 121 case), the public has no opportunity to comment. 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 this resolution. Uyeda hopes the SEC can increase opportunities for public comment. Peirce emphasized that the SEC has come a long way on this path, and changing it is not easy. She directly told the crypto industry: 'This requires us and you to work together and put in a lot of hard work to get back on track, but I believe we can do it.'