The Securities and Exchange Commission (SEC) is now operating with only two commissioners, following Hester Peirce’s departure and three vacant seats. Commissioner Mark Uyeda defended in a letter to the Financial Times the amendments to the quorum rule, which now allow a single eligible commissioner to establish a quorum when other commissioners are disqualified due to conflicts of interest. The amendments were adopted on September 30, 2026 and took effect on October 2, without a public comment period, as the SEC classified the change as an internal management matter. These modifications could expedite decisions on digital assets and custody rules, but decisions made by a single commissioner may be more exposed to legal challenges.
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