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.