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SEC’s Policy Director Steps Down Amid Ongoing Crypto Scrutiny

Published 05/18/2024, 08:03 PM
Updated 05/18/2024, 08:45 PM
SEC’s Policy Director Steps Down Amid Ongoing Crypto Scrutiny

  • Heather Slavkin Corzo resigns as SEC policy director, replaced by Corey Klemmer.
  • Corzo credited with significant regulatory advancements during her tenure.
  • Continuity in SEC’s skeptical stance on cryptocurrencies expected.

Heather Slavkin Corzo, a prominent critic of cryptocurrencies, is stepping down from her role as policy director at the U.S. Securities and Exchange Commission (SEC), the regulatory body announced in a statement on Friday.

SEC Chair Gary Gensler, who appointed Corzo in April 2021, credited her with significant contributions to regulatory advancements.

During her tenure, Corzo played a pivotal role in implementing market fund reforms, accelerating the securities settlement cycle, and enhancing corporate disclosures regarding cybersecurity incidents. These measures have been praised for bolstering investor protections and streamlining capital formation processes.

Chair Gensler commended Corzo, describing her as one of his “most trusted advisers.” Her departure signifies the conclusion of a notable chapter for the SEC, as she was one of Gensler’s initial appointees upon his assumption of the agency’s leadership.

Before joining the SEC…

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