US Securities and Exchange Commissioner Mark Uyeda will lead the main cryptocurrency regulator as acting chairman amid sweeping changes at several federal government agencies.
The appointment comes after SEC Chairman Gary Gensler stepped down as Wall Street’s top police officer on Monday. as expectedBefore the inauguration of President Donald Trump. The former head of the commission announced last November that he would step down on January 20 due to a change in political tides, which coincided with the re-election of crypto-president Donald Trump.
Trump nominated former SEC Commissioner Paul Atkins to lead the SEC long-term. It is unclear when Atkins’ appointment will be confirmed.
The SEC did not immediately return calls Decipheringrequest for comment.
Uyeda, a Republican, is an outspoken champion of the crypto industry. A Fox Business In an interview last October, Uyeda called the SEC’s handling of the digital asset industry a “disaster.”
“We’re sending this through ‘enforcement of policy,’ we didn’t do anything to instruct on it, and as a result, the courts have reached it and different courts have ruled differently,” Uyeda said in an interview. .
Edited by Andrew Hayward
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