US and Europe Sweep Dark Web: 354 Arrested, $234M Seized
Operation TorNado netted 354 arrests and $234M in cash and crypto in the largest dark web drug bust.
Trump nominates Steven Levine to replace Hester Peirce at the SEC, alongside other CFTC and SEC picks.
President Donald Trump has put forward Steven Levine as the nominee to take over from Hester Peirce at the US Securities and Exchange Commission (SEC). The Republican attorney would occupy the post until June 5, 2030.
Peirce, often referred to as “Crypto Mom,” headed the SEC’s Crypto Task Force prior to departing the agency on October 2. Levine has not made many public remarks on digital asset regulation.
JUST IN: The White House nominations list is out.
— BeInCrypto (@beincrypto) November 13, 2026
It names Nathan Anonick and Matthew Rowland for the CFTC, and Kristin N. Johnson and Steven Levine for the SEC.
Levine would take Hester Peirce's seat. pic.twitter.com/8fc1KmWGFR
In the absence of public comments, the SEC nominee’s professional background offers the most detailed view of his experience.
His involvement with crypto is visible in SEC meeting records. In December 2023, Levine met with Grayscale and Invesco-Galaxy regarding their applications for spot Bitcoin (BTC) exchange-traded product (ETP) listings.
Two months later, he accompanied Uyeda in a meeting with crypto firm Paradigm about SEC proposals on custody and exchange rules.
Those meetings indicate Levine handled cryptocurrency matters. The memos report the subjects covered but not his personal views.
Levine is one of 4 nominees for the SEC and Commodity Futures Trading Commission (CFTC) submitted to the Senate on November 12. The same list includes Democrat Kristin Johnson for the SEC position once held by Caroline Crenshaw.
President Joe Biden nominated Johnson to the CFTC, where she served from 2022 until September 2025.
In her departure address, she cautioned that prediction markets lacked safeguards and that regulators had only limited insight into them.
She also expressed serious worry about interference in the operations of independent agencies. At the same event, she stated the CFTC likely required commissioners from both Democrats and Republicans.
All four nominations now go to Senate committees, with the Banking Committee handling Levine and Johnson. Any nominations still pending when the current Congress finishes on January 3 are returned to the president.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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