Hester Peirce’s Oct. 2 resignation has left Paul Atkins and Mark Uyeda as the SEC’s two listed commissioners. A new rule permits one eligible member to constitute a quorum when every other sitting member is disqualified from a particular matter.
Under the current roster, that combination puts future Commission decisions on crypto policy in fewer hands.
The one-member exception says it depends on disqualification from the specific matter, and it can allow either remaining commissioner to act as the Commission’s quorum in that situation.