Trump Appoints Pro-Bitcoin Mark Uyeda as Acting SEC Chair to End 'War on Crypto'

Jan 20, 2025, 08:40 PM

Mark Uyeda has been appointed as the Acting Chair of the U.S. Securities and Exchange Commission (SEC) by President Donald Trump. Uyeda, known for his pro-Bitcoin stance, replaces Gary Gensler in this interim role. The appointment is part of a broader set of changes announced by the White House, which also includes new leadership for several other federal agencies. Uyeda's appointment is seen as a move to end what he has described as a 'war on crypto,' advocating for clear rules and guidance from the SEC to protect investors and support innovation in the cryptocurrency sector. It is expected that former SEC Commissioner Paul Atkins will assume the role permanently in the future.