The Bureaucratic Departure of the Crypto Sibyl 🏛️📜

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In the far-flung corridors of the SEC, where the laws of finance and magic intertwine like serpents, our dear Cicely LaMothe has bid farewell to her twenty-four-year-long sojourn in the labyrinth of crypto regulations-a tenure both epic and fraught with the unexpected. 🧙‍♀️📜

On the first Monday of the last week of 2023, it was whispered through the halls that the SEC had seen fit to release the illustrious LaMothe from her duties. Having fortified the bastions as Deputy Director of the Division of Corporation Finance, she now gracefully exits, leaving tales of memecoins, stakings, and seven speeches that reshaped the crypto realm in her wake. 📢🧩

LaMothe, who joined the league of SEC wizards in 2002, ascended ever higher until she found herself mediating between enlightenment and disclosure. In a realm where digital assets were as ambiguous as a Bolshevik’s promises, she carved a path of clarity, drafting a template upon which countless enterprises could confidently tread. 🗺️💻

Seven Statements: The Seven Hills of Crypto-Clarity

As though wielding a double-edged sword, LaMothe dispensed seven statements regarding the sacred and profane aspects of memecoins, staking structures, and cryptic exchange-traded products. In her magnanimous wisdom, she declared that memecoins, those jesters of the crypto court, were not always securities-casting a light on the potential for memecoin ETFs to frolic unfettered. 🚀🐕

She illuminated the murky divide between custodial and non-custodial staking, helping hapless companies navigate registration affairs with the urgency of an evangelist, eager to expedite the union of crypto and ETPs. 🏦🌐

A Change of Guard: Whither Crypto-Regulation?

In a twist befitting a novel by our good Bulgakov, LaMothe’s departure echoes the broader seismic shifts beneath the SEC’s foundation. The agency, perhaps possessed by the spirit of crypto, has recently become a sanctuary for previously targeted crypto entities like Coinbase and Binance, halting several enforcement actions in lesser-known rituals of inclusion. 🧙‍♀️🔒

Meanwhile, in the country’s legislative chambers, Representative Maxine Waters-keeper of the SEC’s fate-announced her intention to convene oversight hearings. These hearings would, no doubt, dissect the spectral remains left behind by LaMothe’s tenure, focusing on the ephemeral relationships with DOGE, Sol, and XRP. 📢🔍

The departure of other key figures, such as Caroline Pham of CFTC, leaves one to ponder if a cabal of pro-crypto voices from across government realms is quietly pulling the threads of regulation itself. Sighs of resignation are heard in offices once vibrant with the clatter of regulatory keystrokes. Meanwhile, Senator Cynthia Lummis, keeper of the Bitcoin realm, withdraws from the political chessboard, her legacy immortal in blockchain annals. 🏦🛡️

Among tales of other SEC adventurers leaving or reshuffling their positions, the departing Cicely LaMothe leaves behind a legacy as vibrant and bountiful as a freshly unpacked leather suitcase filled with accounting ledgers and decree scrolls. In transition, the mighty SEC seemingly lost a jagged sliver-19 percent-of its workforce, inspiring calls for oversight by Representative Waters, who died for the ‘truth’. 📉🔎

The Legacy of a Hampton Graduate

LaMothe, a product of Hampton University’s hallowed halls-where she armed herself with a degree in accounting before venturing into the private sector-remains a tale weaved with the fabric of tradition. Her potions brewed faster processing, summoned drafts with alacrity, and dared to pose the question: could digital assets transform into securities in this ever-evolving financial tale? 💼✨

As commendations echo from the lips of Jim Moloney, the acting Director, LaMothe is lauded, her name to be etched among the few who’ve dared to tread beyond mere mortal obligations, enchanted to ever protect the investor from the gloomy shadows of malpractice. Beneath her work, a lineage remains-one of dedication, accounting sorcery, and the timeless dance between regulation and innovation. 🎩🔐

Thus concludes the curious and wondrous tale of Cicely LaMothe-our SEC’s crypto soothsayer. In her wake, she leaves not a dragon, but a void yearning for another to chart its depths. 🧙‍♀️🔮

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2025-12-31 09:27