Cicely LaMothe, Deputy Director of the Corporate Finance Division of the U.S. Securities and Exchange Commission, announced her retirement.

Odaily Planet Daily reports that Cicely LaMothe, Deputy Director of the Corporate Finance Division of the U.S. Securities and Exchange Commission (SEC), has announced her retirement. She played a crucial role in crypto regulation over the past year, including issuing a clarification stating that Meme Coin is not a security and explaining the SEC's regulatory stance on staking. LaMothe joined the SEC in 2002 and participated in key work such as drafting registration and filing policies.

Her departure comes in the second year of the SEC’s more favorable new direction toward the crypto industry. During this period, the SEC has approved some listing standards for crypto-asset-related ETFs, dropped several enforcement cases against well-known crypto companies, and advanced Project Crypto to update the regulatory framework for digital assets.

In addition, the SEC confirmed that Nekia Hackworth Jones, deputy director of the Southeast District of Enforcement, completed her term at the end of December.