SEC and CFTC to Have Just 3 Commissioners After Friday Resignations

The practical effect is less about ideology than bandwidth: a three-person bench across two agencies means less capacity for the interpretive guidance and enforcement discretion that digital-asset firms rely on to plan. The bipartisan balance that shaped past rulemaking is also thinned, which matters for how contested questions get resolved rather than deferred. Whether the remaining commissioners push crypto rulemaking forward or let it stall on quorum and workload is the open question.