SEC’s Leadership Gap May Slow, Shift Crypto Regulation Approach

With US lawmakers failing to advance a comprehensive digital asset market structure bill, regulators have moved to fill the legislative gap themselves—though the practical ability of the SEC and CFTC to do so is being tested by an unusually thin leadership bench. Reporting on the situation, Cointelegraph notes that both agencies have proposed crypto-focused rules that appear intended to substitute for parts of Congressional action. Yet leadership staffing constraints mean that, in some circumstances, rulemaking could effectively proceed with minimal commissioner involvement.