Morning Edition · Wednesday, October 7, 2026Published at 1:31 AM EDT · New York

The SEC falls to two commissioners under a new rule that lets a single member act alone

The September 30 amendment, adopted without public comment, lets one commissioner form a quorum when every other sitting member is disqualified. U.S. crypto policy increasingly depends on agency discretion rather than statute.

The U.S. Securities and Exchange Commission (SEC) now has two commissioners. A rule change adopted days before that departure allows one eligible commissioner to form a quorum (the minimum number of members needed to act) when every other s…