SEC and CFTC crypto oversight to fall to three commissioners after key resignation
- —Seven commissioner seats at the SEC and CFTC will be empty after Friday
- —Oversight of the $3 trillion crypto industry will rest with a few leaders
- —A key resignation accelerated the staffing shortfall at the regulators
Why it matters: A thinner SEC and CFTC could slow rulemaking and enforcement in crypto, easing regulatory pressure on the market.
Source: Cointelegraph