SEC crypto advocate Hester Peirce sets departure for next week

SEC Commissioner Hester Peirce has set her departure for next week. Her final day will be Oct. 2, according to a resignation letter she posted Friday on X. The SEC issued further crypto policy guidance as Peirce announced her resignation. The guidance addresses how the agency defines tokens. The guidance also addresses the agency's expectations for how projects are marketed. Peirce sought clear crypto rules during years when the SEC refused to consider crypto regulations. The agency also pursued an array of legal actions during that period. Peirce pushed for industry regulations during the chairmanships of Jay Clayton and Gary Gensler. Both chairmen pursued aggressive crypto enforcement agendas. Peirce got a chance to work on rules during the administration of President Donald Trump. She began work before Paul Atkins arrived as SEC chairman. She had been put in charge of the SEC's new Crypto Task Force last year. Digital assets insiders often call Peirce "Crypto Mom".