In a significant development for the U.S. Securities and Exchange Commission (SEC), SEC Commissioner Jaime Lizárraga has announced his resignation, effective January 17th, as reported by COINOTAG News on November 23rd. This departure will result in a reshuffling of the commission, which will leave Caroline Crenshaw as the sole remaining Democratic member following recent Trump administration appointments. Consequently, with three seats poised for appointment, the SEC could shift to a majority Republican structure ahead of the January 20th deadline. Currently, the commission comprises two Republicans, Hester Peirce and Mark Uyeda, alongside Crenshaw, indicating potential changes in regulatory oversight for the crypto sector. The confirmation of new nominees will play a crucial role in influencing future market regulations, making this an evolving situation that stakeholders should closely monitor.
Source: https://en.coinotag.com/breakingnews/democratic-sec-commissioner-jaime-lizarraga-resigns-leaving-trump-with-opportunity-to-reshape-sec-majority/