SEC's 'Crypto Mom' Hester Peirce to resign in November

Hester Peirce, a U.S. Securities and Exchange Commission (SEC) commissioner known as "Crypto Mom" for her advocacy within the industry, will step down from her post in November, BeInCrypto reported. Peirce has been appointed as an associate professor at Regent University School of Law. She joined the SEC in January 2018 and has been a critic of the enforcement actions taken by former SEC Chairman Gary Gensler, who was known for his critical stance on cryptocurrencies. The SEC is currently operating with three commissioners following the recent resignation of a Democratic member. The outlet added that the future direction of the regulatory environment could depend on how the White House fills her seat.