Peirce shared a letter announcing her resignation from the SEC in a Friday (Sept. 25) post on X, saying “T minus 7” in reference to the Friday (Oct. 2) effective date of her resignation being seven days away.
PYMNTS reported Monday that the failure of the Clarity Act to advance in the Senate coincided with Peirce’s upcoming departure from the SEC.
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In the interview with The Block, looking back on her nearly 10 years at the SEC, during which time she became a key voice on digital asset regulation, Peirce said that she remains hopeful that the Clarity Act could still get passed, that she believes people are still trying to move the legislation forward and that the SEC has a responsibility to continue using its authority to adopt rules.
“If you want the rules to be durable, and we’re building rules within which people can actually do things and build things, then use that rule, use that regulatory framework to do and build good things that other people want, because if people are using the products and services that come out of that — if it’s clear that people are enjoying those technologies, then the rules that made them, within which those technologies grew up, are more likely to last as well,” Peirce said, per the report. “It’s harder to take them away.”
Peirce is resigning from the SEC to teach securities law and writing at Regent University School of Law, according to the report.
Regent University announced in a May 19 press release that Peirce would join its faculty in November.
In her resignation letter addressed to President Donald Trump, Peirce thanked him for the opportunity to serve as an SEC commissioner and said the United States is exceptional because of its commitment to liberty.
“Maximizing people’s freedom to choose what is best for themselves and their families within sensible regulatory parameters designed to give them the confidence to transact with others is a delicate and vitally important task for the regulator,” Peirce said. “I leave this position confident that under the excellent leadership of Chairman Paul Atkins and Commissioner Mark Uyeda, the talented men and women of the Securities and Exchange Commission will continue to achieve that balance.”
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