Hester Peirce to Leave SEC on October 2

Hester Peirce announced that she will leave her position at the U.S. Securities and Exchange Commission (SEC) on October 2. Peirce shared a photo of her resignation letter, signaling the departure process. In a letter addressed to the White House, she expressed gratitude for the opportunity to serve as an SEC commissioner, describing it as the greatest honor of her professional life. Peirce emphasized the importance of allowing investors to make their own choices within appropriate regulatory boundaries. Serving as an SEC commissioner since January 2018, Peirce was a closely watched figure in digital asset regulations and was often referred to as 'Crypto Mom' in public discourse. Her departure was not seen as a surprise, as her term was expected to end in 2025. However, SEC rules allow commissioners to remain in office for approximately 18 months under certain conditions. Peirce's next step in her career will be joining the law faculty at Regent University as an associate professor. October 2 stands out as the date that officially marks this transition.