- SEC official tied to crypto guidance exits amid ongoing regulatory transition
- Leadership changes align with friendlier oversight for digital asset markets
- Innovation exemption rules build on groundwork laid before LaMothe’s retirement
A senior architect of the SEC’s recent crypto guidance is exiting as the agency advances a recalibrated regulatory agenda. According to the SEC, Cicely LaMothe is retiring as deputy director of the Division of Corporation Finance.
Her departure comes during a period of notable policy realignment. According to the SEC, LaMothe described her work as demanding while highlighting the dedication of agency staff.
LaMothe played a central role in shaping the commission’s evolving crypto posture. According to the SEC, she was behind staff statements clarifying that memecoins do not meet the definition of securities.
Additionally, she helped guide the agency’s position on crypto staking. That explanation provided firms with clearer expectations around disclosure and compliance. Her influence extended beyond digital assets into broader securities policy. The SEC noted that LaMothe led recommendations affecting companies submitting draft registration statements.
She built her career over more than two decades inside the commission. LaMothe joined the Division of Corporation Finance in 2002 and later served in several senior leadership roles.
Before entering public service, she worked in the private sector and developed a strong accounting background. She is a licensed CPA and earned her accounting degree from Hampton University.
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Leadership transitions mirror broader crypto policy adjustments
LaMothe’s retirement aligns with other recent leadership changes at the agency. According to the SEC, Nekia Hackworth Jones completed her tenure as deputy director of the Division of Enforcement in the Southeast. Jones highlighted the expertise and commitment of staff across regional offices. Additionally, she emphasized investor protection as a consistent agency priority.
These personnel shifts come as the SEC maintains a more open stance toward digital assets. Consequently, the changes suggest continuity in policy rather than abrupt redirection. Since Donald Trump, the current president of the USA, assumed office, the SEC has adjusted its regulatory tone. According to public actions, the agency approved listing standards for certain crypto exchange-traded funds.
That move enabled firms to launch ETFs tracking DOGE, SOL, and XRP. Moreover, the SEC dropped several enforcement cases involving prominent crypto companies.
Innovation exemption rules build on earlier regulatory groundwork
The regulatory shift also extends into rulemaking initiatives that surfaced earlier in the transition. According to SEC Chair Paul Atkins, the agency has been preparing innovation exemption rules for crypto firms. Speaking in an interview with CNBC, Atkins said the exemptions aim to reduce regulatory friction for emerging crypto businesses.
He noted that the framework focuses on encouraging innovation while preserving oversight.
Atkins also acknowledged ongoing efforts tied to the crypto market structure bill. According to him, the legislation is designed to establish clearer legal foundations for the digital asset market. Importantly, the exemption framework would support decentralized finance platforms.
Atkins said the approach could allow companies to launch new products faster under defined regulatory boundaries.
Together, these policy efforts align closely with LaMothe’s regulatory legacy. Consequently, the SEC’s current direction reflects the groundwork laid before her retirement. As leadership evolves, the agency continues executing a strategy shaped by earlier guidance. Significantly, LaMothe’s influence remains embedded within the SEC’s forward-facing crypto agenda.
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