Moloney to rewrite how the SEC handles crypto, earnings, and new rules

Paul Atkins just put a fellow crypto-friendly veteran in charge of one of his SEC’s most powerful ￰0￱ Wednesday, he picked James Moloney, a partner at Gibson, Dunn & Crutcher, to lead the division of corporation finance, the unit that checks company disclosures and signs off on IPO ￰1￱ SEC confirmed that James will start next ￰2￱ this isn’t James’ first time in the ￰3￱ worked inside the SEC from 1994 to 2000, focusing on mergers and acquisitions and corporate ￰4￱ this isn’t some rookie walking in with a briefcase and a ￰5￱ said : “I am eager to get to work with Jim, Cicely, and others in the Division of Corporation Finance to modernize and improve our existing rules and alleviate disclosure burdens.

I appreciate Cicely’s leadership in the Division and her dedicated service to our agency and our markets.” Moloney to rewrite how the SEC handles crypto, earnings, and new rules The unit James is stepping into handles the gritty ￰6￱ don’t do press ￰7￱ dig through financial reports, force companies to be honest about risks, and push back when earnings numbers don’t follow the official accounting playbook. They’re also the same folks who tell companies how to disclose executive pay, or how much the CEO got paid in cash, stock, or whatever shady bonus they invented that year. Lately, that same team has been busy handing out crypto guidance. They’ve made it pretty damn clear that assets like memecoins and stablecoins aren’t securities, at least not in their ￰8￱ puts them directly in the middle of the regulatory turf ￰9￱ isn’t shy about his agenda either.

“There is much to be done, and I am looking forward to rejoining my colleagues in the Division of Corporation Finance in tailoring smart, practical, and effective regulations that will allow companies to thrive and investors to benefit,” he said. There’s also the Clarity Act hanging over all ￰10￱ Congress passes it, the Commodity Futures Trading Commission gets first crack at crypto ￰11￱ it won’t leave the SEC on the sidelines. They’ll need to work together on joint rules, meaning James and his division would help define exactly how the game is ￰12￱ LaMothe, who’s been filling in as head of the division, isn’t leaving. She’s sliding back into her old seat as deputy director, the SEC ￰13￱ walks in at a time when the agency’s role in crypto is under the microscope, and Paul has always said he wants people on his team who know both the law firm hustle and the internal SEC ￰14￱ seen where it ￰15￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.