CryptoSlate • October 7th 2026, 2:20 AM
SEC drops to 2 members, and 1 hidden rule shifts crypto power
Key Summary
Following Hester Peirce's resignation, the SEC has adopted a new rule that allows one commissioner to constitute a quorum when every other sitting member is disqualified from a particular matter, potentially shifting crypto policy decision-making power to a smaller group.
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Crypto Policy in Fewer Hands
Current State
The SEC's two commissioners, Paul Atkins and Mark Uyeda, will now make decisions on crypto policy with a smaller quorum, thanks to the new rule. This change allows for greater flexibility and finality in Commission decisions.Impact on Crypto Measures
The new rule does not affect the SEC's pending rules on custody reform and tokenized-stock trading relief. These measures still require Commissioner-level decisions, but the quorum amendment provides more flexibility for the remaining commissioners.Future Decisions
The quorum exception will be used sparingly, as the SEC aims to avoid interchangeable vacancies, nonattendance, and recusal. The new rule promotes a balance between individual choice and regulatory protections.Regulatory Action
The SEC has several pending rules, including custody reform and Regulation Crypto Assets. These measures will continue to require Commissioner-level decisions, even with the smaller quorum. The agency will continue to balance individual choice with regulatory protections.#SEC#Crypto#US