Trump's Victory Signals Potential Shift in SEC Crypto Regulation

The crypto industry anticipates changes in leadership and policy at the SEC following Trump's election win.

President-elect Donald Trump has pledged to replace SEC Chair Gary Gensler, who has been criticized for his strict enforcement actions against the crypto industry.
Mark Uyeda, a Republican SEC commissioner, supports halting enforcement actions until clearer regulatory guidelines are established.
The crypto industry spent significant resources opposing the SEC's current regulatory approach and views Trump's victory as a chance for policy reform.
Potential candidates to replace Gensler include Dan Gallagher and Hester Peirce, both favored by the crypto community for their more lenient regulatory stances.
Under Trump's administration, the SEC may focus on creating clear rules for digital assets, aligning with the industry's call for regulatory clarity.