Mark Uyeda has been appointed as the acting chair of the SEC, following Gary Gensler’s departure, with the change effective January 20. Additionally, Caroline Pham has been appointed as acting chair of the Commodity Futures Trading Commission.
The new leadership in both regulatory bodies is expected to have a major impact on the policies governing digital assets, with critics like Uyeda advocating for a more favorable regulatory environment for the cryptocurrency industry.
Under Trump’s administration, there may be a reevaluation of existing legal actions against crypto firms, which were intensified under Gensler’s leadership. The SEC may pause enforcement actions not involving fraud allegations.