According to Odaily, David Draper, the head of the Crypto Assets and Network Division at the U.S. Securities and Exchange Commission (SEC), has stepped down after nine years of service. This information was revealed through LinkedIn. Draper's departure marks the end of a significant tenure at the SEC, where he played a crucial role in the regulation of crypto assets and networks. His contributions have been instrumental in shaping the regulatory landscape for cryptocurrencies in the United States. The reasons for his departure have not been disclosed. The SEC has yet to announce a successor for Draper's position.