Alex Dovnya
Corso's resignation is unlikely to result in policy changes
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Heather Slavkin Corzo, director of policy at the U.S. Securities and Exchange Commission, is retiring from the commission, according to a report Friday. press release.
SEC Chairman Gary Gensler described Corzo as one of his “most trusted advisors.” He praised the strengthening of investor protection and enhanced capital formation events.
Mr. Corzo's accomplishments include passing market fund reform, shortening settlement cycles, and increasing corporate disclosure regarding significant cyber events.
Corso was one of Gensler's first staff appointments after he took over the SEC. She joined the agency in April 2021 to lead a team of policy experts.
Prior to joining the SEC, Mr. Corso served for more than two years as director of capital markets policy at the American Federation of Labor and Congress of Industrial Organizations.
After Corzo retires, he will be replaced by Corey Kremer, who was hired by the SEC as a corporate financial advisor in July 2021.
Will there be any changes to virtual currency policy?
According to FOX Business correspondent Eleanor Terret, both Corzo and Kremer virtual currency skepticwhich means that recent personnel changes are unlikely to result in policy changes.
Last month, the SEC tricked some social media users into thinking he was leaving after posting a thread that initially appeared to be a resignation announcement. But Gensler was quick to clarify that he's not done yet.
The SEC is currently engaged in legal battles with a number of crypto industry heavyweights, including Ripple and Coinbase.
Meanwhile, the agency continues to suffer further setbacks, most recently with the Senate defeating its anti-cryptocurrency SAB 121 guidance.
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Alex Dovnya
