SEC Corporation Finance Deputy Director Cicely LaMothe to retire after shaping crypto guidance
SEC Deputy Director Cicely LaMothe, key in shaping crypto guidance, is retiring after over two decades with the agency.Summary
Cicely LaMothe, the Securities and Exchange Commission’s deputy director of the Division of Corporation Finance, announced her retirement. LaMothe played a significant role in developing the agency's stance on cryptocurrency, issuing pivotal staff statements clarifying that memecoins are not securities and explaining the SEC's position on staking activities. She also led policy recommendations for companies filing registration statements. LaMothe joined the Division of Corporation Finance in 2002. Her departure coincides with the SEC adopting a direction perceived as friendlier to the crypto industry, marked by approving certain crypto ETF listing standards and launching "Project Crypto" to update digital asset rules. Separately, the SEC also announced the conclusion of Nekia Hackworth Jones's tenure as Deputy Director of the Division of Enforcement in the Southeast.
(Source：The Block)