Trump Names Pro-Crypto Mark Uyeda Acting SEC Chair, Vows to End 'War on Crypto'

Jan 20, 2025, 08:53 PM

President Donald Trump has appointed Mark Uyeda as the acting chair of the U.S. Securities and Exchange Commission (SEC), replacing Gary Gensler, who resigned as Trump took office. Uyeda, a Republican and pro-crypto advocate who has served as an SEC commissioner since 2022, has openly criticized Gensler's regulatory approach toward cryptocurrencies. He has called for clear crypto regulations to protect investors and support innovation, stating that "the war on crypto must end." Uyeda has described previous SEC policies as "a disaster for the crypto industry," noting that "we have not provided interpretive guidance." His appointment signals a potential shift in the SEC's stance on digital assets, with expectations that he will restore trust in the agency by winding down aggressive enforcement and collaborating with Congress and the White House on comprehensive crypto legislation.