CryptoUnited States

Trump nominates Steven Levine to replace Hester Peirce at SEC

President Donald Trump has nominated Steven Levine, a Republican lawyer, to replace Hester Peirce at the Securities and Exchange Commission. Peirce led the agency's crypto work before leaving, so the choice matters for how digital assets are overseen.

Illustration: A long hallway with closed doors and a single briefcase on the floor, lit by warm evening light.
Illustration

The White House has put forward Steven Levine, a Republican lawyer, for a seat at the US Securities and Exchange Commission, or SEC. US President Donald Trump made the nomination to take over from Hester Peirce. His term would run until June 5, 2030.

Peirce was widely known by the nickname Crypto Mom. She led the SEC's Crypto Task Force before she left the agency on October 2, which opened the seat now under nomination.

Levine has said little publicly so far, so his views on crypto are not yet clear from his own remarks. The White House also sent other picks for seats at the SEC and the Commodity Futures Trading Commission, or CFTC.

The SEC oversees US securities markets, so the people who fill its seats help shape the rules that govern how those markets work. For everyday savers and investors, that makes these appointments more than a change of names.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

Where
United States
Published
Section
Crypto

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake

Back to the front page

More news

Illustration: A single glossy physical bitcoin coin showing the Bitcoin logo, tipped over on its edge on a smooth coral surface in soft daylight.CryptoBitcoin falls 14% in a week to near $65,000Bitcoin fell about 14% over a week to around $65,000 as weekend selling deepened. Ether and XRP also slid, with XRP reaching a two-year low and adding pressure across crypto markets.Bitcoindown −19.54%1 monthIllustration: A row of round tokens in pink, teal and yellow overlap slightly, printed with bold simple shapes.CryptoXRP falls below $1 as ETF outflows hit an eight-month highXRP fell below $1 as outflows from XRP exchange-traded funds reached an eight-month high, in a crypto market showing extreme fear. Heavier selling and weaker fund demand are putting pressure on the price.XRPdown −28.42%1 monthIllustration: A long aisle of server racks in a dark data hall, lit by cyan and magenta indicator lights that reflect on the polished floor.CryptoMEGA cuts 20% of staff as it pivots toward AI productsMEGA, formerly the MegaETH Foundation, has disclosed a 20% cut to its staff as it shifts toward AI inference products.Illustration: A boardroom table with papers and a presenter standing beside a blank screen, warm late light.CryptoTwenty One Capital's $1.09 billion profit came from bitcoin, CEO saysTwenty One Capital, a Tether-backed firm, reported about $1.09 billion in third-quarter net income. Its chief executive said the gain came from bitcoin rather than the firm's business.Bitcoindown −19.54%1 monthIllustration: A single large gold coin with a plain embossed ring stands on its edge on a wet dark street at night, glowing cyan and magenta light reflected in the puddles around it.CryptoBitcoin climbs above $70,000 as cooler US inflation data landsBitcoin rebounded above $70,000 after a cooler-than-expected US producer price report, and gold rose too. The move caught many traders on the wrong side of the market.Bitcoindown −19.54%1 monthIllustration: Far away, a wide room filled with rows of desks and screens glowing in orange and plum tones, with a few small anonymous figures walking between them.CryptoHyperliquid overtakes three rivals in open interest as Q3 positions rise 80%Hyperliquid passed Bybit, Kraken and OKX on open interest, a measure of trades still running. Its positions grew 80% in the third quarter, and the HYPE token has fallen 26% from its peak.Bitcoindown −19.54%1 month