Seven commissioner seats across the SEC and CFTC will be vacant after October 2, leaving three active commissioners overseeing major parts of the $3 trillion crypto market. Hester Peirce, known as Crypto Mom, will depart the SEC after about eight years, leaving Chair Paul Atkins and Commissioner Mark Uyeda as its only members. The source describes her departure as roughly two months before an extended second term would have ended, while the existing record said her term expired on June 5, 2025 and that she continued in a holdover capacity. Peirce's exit will be only the second time the SEC has operated with two commissioners. The CFTC has been led solely by Chair Michael Selig since acting chair Caroline Pham left in December 2025. No nominees have been submitted for vacancies at either agency, although the White House has said President Trump intends to make nominations in the near future. The Senate's failure to advance the CLARITY Act leaves the agencies relying on staff interpretations, internal memoranda and regulatory proposals rather than a new statutory division of crypto oversight.