The US Securities and Exchange Commission has announced the retirement of Cicely LaMothe, deputy director of the Division of Corporation Finance.
LaMothe is stepping down after playing a central role in shaping the SEC’s recent approach to cryptocurrency regulation.
The announcement was made in an official SEC statement released on Monday.
LaMothe was responsible for several influential staff statements related to digital assets over the past year.
One of those statements clarified that memecoins are not considered securities under existing SEC interpretations.
Another key statement outlined the agency’s position on crypto staking activities.These communications were widely viewed as providing long-awaited clarity to the crypto industry.
LaMothe’s departure comes as the SEC enters its second year under a more crypto-friendly policy direction.
The work has been incredibly challenging and rewarding, and I have learned immensely from the dedicated individuals who commit themselves daily to this critical mission.
Cicely LaMothe said.
Beyond crypto policy, LaMothe also led guidance affecting traditional corporate finance disclosures.
She oversaw policy recommendations for companies submitting draft registration statements.
The SEC said her work influenced how issuers navigate public markets and regulatory compliance.
LaMothe joined the Division of Corporation Finance in 2002.
During her tenure, she held multiple senior leadership roles within the division.
Before joining the SEC, she worked in the private sector.
She is a licensed certified public accountant.
LaMothe earned a bachelor’s degree in accounting from Hampton University.
Her retirement coincides with broader leadership transitions within the SEC.
Since the start of President Donald Trump’s administration, the agency has shifted its stance on digital assets.
Under a new chair, the SEC approved listing standards for certain crypto exchange-traded funds.
These approvals led to the launch of ETFs tracking assets including DOGE, SOL and XRP.
The agency also dropped multiple enforcement actions against high-profile crypto firms.
The SEC launched “Project Crypto” to modernise rules governing digital assets.
Industry participants have welcomed the move as a step toward regulatory clarity.
On the same day as LaMothe’s announcement, the SEC confirmed another senior departure.
Nekia Hackworth Jones completed her tenure as deputy director of the Division of Enforcement in the Southeast.
Jones also served as Atlanta regional director during her time at the agency.
I have seen colleagues across this agency show a relentless commitment to protecting investors.
Nekia Hackworth Jones said.
She praised staff for their judgment and expertise across the securities industry.
Observers say the leadership changes mark a transitional moment for the SEC.
The departures come as the agency continues redefining its role in crypto oversight.
At the time of reporting, XRP price was $1.85.