The SEC now operates with 2 commissioners, pursuing crypto rulemaking while Congress has not yet passed a comprehensive market structure bill. Uyeda rejected claims that the agency is hastily revamping its internal rules to bypass oversight, stating that the commission's commitment to its mission remains unchanged.
Tuesday, October 20, 2026
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SEC Changes Quorum Rule to Allow 1 Member to Approve Crypto Rules
Crypto7 days ago
The US Securities and Exchange Commission updated its voting procedures to maintain agency functions after the departure of Commissioner Hester Peirce. Under the revised rules, a single commissioner may authorize cryptocurrency regulations if the only other remaining member is disqualified from the decision. Commissioner Mark Uyeda defended the move in the Financial Times, arguing that without the change, the agency could be stymied from taking enforcement action due to a lack of quorum.
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