SEC and CFTC crypto rulemaking hinges on just three commissioners after leadership departures

After US lawmakers failed to enact a comprehensive digital asset market structure bill, federal regulators accelerated efforts to adjust oversight and enforcement rules for crypto companies and digital asset offerings. The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), the two chief US agencies responsible for digital asset oversight, are now experiencing severe shortages at the leadership level. Between them, only three people currently hold top positions responsible for shaping digital asset policy, with two of those originally nominated by US President Donald Trump.