New SEC Chair Mark Uyeda Takes Over

Krutika Adani

Trump Appoints Mark Uyeda as SEC Chair

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.

Gensler’s Hardline Approach Ends

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.

A Friendlier Stance on Crypto

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.

Crypto Industry’s Hope for Change

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.

Learn more