Regulation· ★★★★· neutral·

SEC can approve crypto rules with a single commissioner's vote

  • —New SEC quorum rule took effect on October 2
  • —Only two SEC commissioners remain: Atkins and Uyeda
  • —CFTC Chairman Michael Selig is the agency's sole member
  • —SEC proposal would allow token raises of up to $5 million without registration
Why it matters: A $3 trillion crypto market is now overseen by three people, and rules can be passed by one vote — faster, but with weaker legitimacy.
Source: Newsbit
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