According to Deep Tide TechFlow, on December 26, as reported by Blockworks, with current Chairman Gary Gensler set to leave, the U.S. Securities and Exchange Commission (SEC) will only retain Republican commissioners Hester Peirce and Mark Uyeda to continue their duties, awaiting Senate approval of the new commissioner nominees selected by President Trump. Peirce clearly stated at the Blockchain Association policy summit that the SEC's regulatory stance toward the crypto industry will undergo a significant shift, expecting a reduction in the previous over-reliance on enforcement measures.
In terms of policy-making, Commissioner Uyeda pointed out the current issue of regulatory transparency. Taking the controversial SAB 121 policy as an example, this policy requires digital asset custodians to report liabilities and 'corresponding assets' on their balance sheets, but it did not undergo the public commenting process required by the Administrative Procedure Act. Although both houses of Congress attempted to overturn this policy, it was ultimately vetoed by President Biden.
Peirce admitted that, due to the SEC's deep commitment to its current regulatory path, policy adjustments are not easy. She urged the crypto industry, saying, 'Returning to the right track requires a tremendous effort from regulators and the industry together, but I believe this goal is achievable.'