Trump Appoints Mark Uyeda as Acting SEC Chair Following Gensler's Resignation

Mark Uyeda, a crypto-friendly Republican, steps in temporarily as SEC chair after Gary Gensler's departure, with a policy shift expected under Trump’s administration.

• Gary Gensler officially resigned as SEC chair on January 20, coinciding with Donald Trump's swearing-in as president.
• Mark Uyeda, a Republican SEC commissioner since 2022, has been named acting chair, pending Senate confirmation of Trump’s permanent pick, Paul Atkins.
• Uyeda has been a vocal critic of Gensler's stringent crypto regulations and is expected to push for a more industry-friendly approach.
• Gensler's tenure was marked by aggressive enforcement actions against crypto firms, including over 100 cases, and efforts to regulate digital assets under existing securities laws.
• The SEC is now led by a Republican majority, with Uyeda and Hester Peirce likely to spearhead a cryptocurrency policy overhaul in the coming weeks.

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CoinDesk Quartz