SEC and CFTC face seven vacancies, reducing crypto oversight to three leaders
CIE News ·
Seven commissioner seats across the SEC and CFTC will become vacant after Friday, leaving three leaders to oversee the $3 trillion crypto sector as guidance advances, Cointelegraph reported.
Seven commissioner seats across the SEC and CFTC are set to become vacant following a resignation that takes effect after Friday, leaving three remaining commissioners to oversee the $3 trillion crypto market, according to Cointelegraph. The departures reportedly constrain the regulatory capacity of both financial agencies. Despite the pending leadership reduction and a failed vote on the CLARITY Act, both agencies appear to be progressing with crypto-related guidance.