Krutika Adani
President Trump has appointed Mark Uyeda, a pro-crypto Republican, as the acting SEC Chair, replacing Gary Gensler. This marks a turning point for crypto regulation in the U.S.
Gary Gensler’s tenure, marked by aggressive actions against crypto giants like Ripple, Coinbase, and Binance, has officially ended. Uyeda’s appointment signals a shift in direction.
Uyeda has been critical of strict policies like SAB 121, which restricted banks from handling crypto clients. His leadership is expected to welcome industry growth and innovation.
With Uyeda at the helm, the SEC may take a more balanced approach to digital asset oversight, paving the way for clearer regulations and less enforcement-driven policies.