Former U.S. President Donald Trump has selected Mark Uyeda, a pro-crypto advocate, as the acting Chair of the Securities and Exchange Commission (SEC). Uyeda’s appointment marks a significant shift in regulatory leadership, raising questions about potential changes in the SEC’s approach to cryptocurrency regulation. Known for his critical stance on overly stringent crypto policies, Uyeda’s elevation comes at a time when the industry is seeking clarity amid growing regulatory scrutiny.
The decision has fueled speculation that the SEC may adopt a more favorable stance toward digital assets. While Uyeda has not outlined specific policy changes, his track record suggests openness to fostering innovation within the crypto space. This move could signal a departure from the more aggressive enforcement seen under previous leadership, aligning with Trump’s broader emphasis on reducing regulatory burdens.
Market analysts are closely watching how Uyeda’s leadership might influence ongoing cases against major crypto firms and the approval of Bitcoin ETFs.
