PANews reported on December 30th that, according to The Block, the Deputy Director of the Corporate Finance Division of the U.S. Securities and Exchange Commission (SEC) is retiring after playing a key role in shaping the agency's approach to cryptocurrency regulation. On Monday, the SEC announced Cicely LaMothe's retirement in a statement. The SEC stated that over the past year, LaMothe participated in drafting several important employee statements related to cryptocurrencies, including a statement clarifying that Memecoin is not a security and a statement explaining the agency's stance on staking. In addition to cryptocurrency-related matters, LaMothe also led policy recommendations for draft prospectuses submitted by companies.