Mark Uyeda is New SEC Acting Chair After Gensler Resigns
Gary Gensler has officially resigned as SEC chairman, and Mark Uyeda has been named acting successor. Trump officially named Paul Atkins as the next chairman, but Oujeda will fulfill that role until the end of his Senate confirmation hearings.
The leader of the U.S. Commodity Futures Trading Commission (CFTC) also resigned today, marking a dramatic shift in U.S. financial regulation.
SEC New (Acting) Chairman
Gary Gensler, SEC Anti-Cryptocurrency Chairmanfinally stepped down. Although Gensler defend one’s position relentlessly For the industry, his departure marks a new wave of pro-crypto sentiment among federal regulators.
The three committee members jointly signed a formal farewell message letterending his term. Despite bitter policy disputes, the tone remains friendly.
“President, thank you for your leadership, passionate advocacy on behalf of our institution and investors, and your friendship. We are proud to serve this great institution with you. Your extensive public service over the past three decades reminds us not to Say goodbye; instead we say – this is it for now,” the letter claims.
Of the three SEC commissioners who signed the letter, only Caroline Crenshaw supports Gensler’s anti-encryption crusade as chair. This posture helped her a lot failed to win renomination for this article.
The other two, Hester “Crypto Mom” Pierce and Mark Oujeda, Already preparing welcome a New Support Crypto Paradigm in Federal Regulation.
Overall, Gensler’s resignation marks a turning point for U.S. cryptocurrency regulation. The optimism is palpable because Multiple crypto ETF applications have been submitted Friday, within an hour of Gensler’s last day in the office.
Additionally, the White House released a statement Claims that Mark Uyeda will serve as the next acting chairman of the SEC. trump card Already Named Paul Atkins He formally chose Gensler’s successor, but still has to go through congressional procedures.
The position must be filled by an active commissioner before the Senate can confirm his appointment, a process that could take months. For his part, Ujeda is unlikely to run the SEC any differently than Atkins as acting chairman. Uyeda publicly claimed that “the Commission’s war on cryptocurrency must end” and praised Trump’s ability to fundamentally change SEC policy.
“Republican SEC Commissioner Mark Uyeda has called for a safe harbor and regulatory sandbox to allow innovation in the crypto industry. This is the first time Uyeda has publicly called for these ideas,” Eleanor Treat release Come back in November.
CFTC Chairman Rostin Behnam also resigned today According to his previous announcement. Benham return welcome His successor, Caroline Pham, via social media.
Fan, who has Friendly supervision with long-term supportwill serve as acting chairman in the same manner as Uyeda did at the SEC. In both cases, the officials struck an affable tone with each other.
Disclaimer
follow trust project BeInCrypto is committed to fair and transparent reporting. This news article is designed to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on the content of this article. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
