The transition arrives with several crypto projects unfinished. In a September 28 interview with The Block’s Sarah Wynn, Peirce identified comments on Regulation Crypto Assets, final transfer-agent rules and adviser and investment-company custody as work still ahead. She also described the need to develop permanent rules following the agency’s five-year innovation exemption.
The custody effort advanced Thursday with a proposal addressing how advisers and regulated funds could hold crypto assets. That proposal is covered in [BLAKE’s existing custody report](https://blake.hrvstr.com/articles/sec-proposes-conditional-crypto-custody-paths-for-advisers-and-state-trust-compa); it remains subject to the rulemaking process.
Peirce’s interview also made clear how she wanted the agency to proceed while legislation remained unresolved: continue using the authority it already has, and seek input from both the industry and its critics. Those were her recommendations for the remaining policy work, rather than a promise that any particular proposal would become final.
She is expected to teach securities law and writing at Regent. For firms following the SEC’s crypto agenda, her departure changes the people carrying the work forward while leaving the outstanding proposals, comments and rulemaking decisions to be completed.
