U.S. Securities and Trade Commissioner Mark Uyeda will briefly lead the cryptocurrency business's major regulator as performing chair, amid a broader shakeup throughout a number of federal authorities companies.
The appointment comes instantly after SEC Chairman Gary Gensler stepped down as Wall Road's high cop Monday, as anticipated, alongside President Donald Trump's inauguration. The previous chief of the Fee mentioned final November that he'd resign on January 20 on account of altering political tides, signaled by the re-election of pro-crypto President Donald Trump.
Trump has nominated former SEC Commissioner Paul Atkins to run the SEC on a long-term foundation. It’s unclear when Atkins’ appointment will likely be permitted.
The SEC didn’t instantly return Decrypt's request for remark.
Uyeda, a Republican, is an outspoken champion of the crypto business. In a Fox Enterprise interview final October, Uyeda known as the SEC's therapy of the digital asset business a “disaster.”
“We have been sending this 'policy through enforcement,' we’ve done nothing to provide guidance on it, and as a result, this has been achieved by the courts, and different courts have ruled different ways,” Uyeda mentioned within the interview.
Edited by Andrew Hayward