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Crypto Skeptics Leave the SEC, But There’s a Problem
Alex Dovbnja
Corzo’s departure is unlikely to lead to a change in policy
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Heather Slavkin Corzo, policy director at the U.S. Securities and Exchange Commission, will leave the agency, according to a Friday report Press release.
SEC Chairman Gary Gensler described Corzo as one of his “most trusted advisors.” He praised her for strengthening investor protection and improving capital formation events.
Some of Corzo’s accomplishments include passing market fund reform, shortening the settlement cycle, and improving corporate disclosure on material cyber events.
Corzo was one of the first appointments to Gensler’s staff after Gensler took the reins of the SEC. She joined the agency in April 2021 to lead a team of policy experts.
Prior to joining the SEC, Corzo served for more than two years as director of capital market policy at the American Federation of Labor and the Congress of Industrial Organizations.
Following her departure, Corzo will be replaced by Corey Klemmer, who was hired by the SEC in July 2021 as the agency’s corporate financial advisor.
No change in cryptocurrency policy?
According to Fox Business reporter Eleanor Terrett, both Corzo and Klemmer are cryptocurrency skepticsmeaning the recent reshuffle is unlikely to lead to political change.
Last month, the SEC fooled some social media users into thinking he was leaving the agency by writing a thread that initially appeared to be a resignation announcement. However, Gensler was quick to clarify that he wasn’t done yet.
The SEC is currently engaged in legal battles with a number of cryptocurrency industry heavyweights, including Ripple and Coinbase.
Meanwhile, the agency continues to see further setbacks, with its anti-crypto guidance SAB 121 recently rejected by the Senate.
About the author
Alex Dovbnja
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience covering everything related to the burgeoning industry, from price analysis to Blockchain disruption. Alex has authored more than 1,000 stories for U.Today, CryptoComes, and other fintech media. He is particularly interested in regulatory trends around the world that are shaping the future of digital assets; he can be contacted at alex.dovbnya@u.today.