TechFlow, December 30 — According to The Block, the U.S. Securities and Exchange Commission (SEC) announced on Monday that Cicely LaMothe, Deputy Director of the Division of Corporation Finance, is set to retire. Over the past year, LaMothe led several key cryptocurrency policy initiatives, including clarifying that meme coins are not securities and articulating the SEC's stance on staking. She joined the SEC's Division of Corporation Finance in 2002 after working in the private sector and holds a Certified Public Accountant license. Her retirement comes as the SEC enters its second year of adopting a more crypto-friendly direction, during which it has approved listing standards for specific crypto ETFs, launched the "Crypto Initiative" to update digital asset regulations, and dropped enforcement actions against several prominent crypto firms. The SEC also announced that Nekia Hackworth Jones, Deputy Regional Director of the Division of Enforcement for the Southeast Region, completed her term at the end of December.
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