Donald Trump has appointed Mark Uyeda, a senior official at the U.S. Securities and Exchange Commission (SEC), to temporarily lead the agency until a permanent chair is confirmed. The move came shortly after Trump was sworn in as the 47th President of the United States during his inauguration . An Unsustainable Environment Uyeda, a Republican commissioner, has repeatedly criticized the SEC and its crypto enforcement under former Chair Gary Gensler, calling it a poorly conceived crypto policy and advocating for clearer regulations. The environment which has been created for crypto markets, especially in secondary trading, is unsustainable, Uyeda said in March, alongside fellow Commissioner Hester Peirce. With Gensler leaving and a Republican majority, the SEC is expected to significantly shift its approach to crypto. Clarity Is Key Uyeda and Peirce are considering starting a process for clearer crypto guidance, which could include reviewing pending enforcement cases. Uyeda previously served as counsel to former Rep. Pat Toomey and SEC Commissioners Michael Piwowar and Paul Atkins. Interestingly, Atkins, a crypto supporter, was recently named to lead the SEC, pending Senate confirmation. Trump also appointed Travis Hill as the acting Chair of the Federal Deposit Insurance Corporation (FDIC), following remarks by Hill concerning clearer crypto regulations for banks.
