The U.S. Securities and Change Fee’s prime lawyer, Basic Counsel Megan Barbero, will step away next week, becoming a member of the exodus of prime company officers who had been accountable for the SEC’s authorized battles with the crypto trade lately.
“Her measured recommendation and judgment have been important to the choice making of the Fee,” stated Chair Gary Gensler, in an announcement about Barbero’s exit, which is about for January 20. That is the day Gensler, the writer of the SEC’s crypto stance, is also leaving, simply as President-elect Donald Trump is sworn in for a second time period.
Barbero was the highest lawyer on the company, accountable for how its authorized division carried out its disputes with crypto companies in federal courts and for advising on its enforcement posture. She had served as basic counsel since February 2023.
The SEC’s enforcement chief, Gurbir Grewal, left in October, and the accounting head who was behind the company’s controversial crypto accounting coverage, Paul Munter, additionally introduced his pending departure this week.
Learn Extra: Crypto’s U.S. Banking Problem Likely Among the First Things Tackled Under Trump
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