PANews reported on December 5 that according to FOX Business, after Paul Atkins was nominated as the chairman of the U.S. Securities and Exchange Commission (SEC), industry insiders revealed that he may support Republican Commissioner Hester Peirce (known as "Crypto Mom") and another Republican Commissioner Mark Uyeda to jointly lead the formulation of cryptocurrency policies. It is reported that Peirce hopes to form an internal cryptocurrency working group to re-evaluate the SEC's regulatory approach to digital assets and engage in dialogue with the industry.
Peirce's current term ends in June 2024 and it is unclear whether she will seek re-election, while Uyeda's term lasts until 2028.
