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Pro-crypto Mark Uyeda named acting SEC chair with Gensler gone

Mark Uyeda has been appointed as the acting chair of the SEC following Gary Gensler’s resignation, which comes amidst Donald Trump’s re-election as President. Uyeda is expected to influence regulations affecting the cryptocurrency market favorably.

Former SEC Commissioner Paul Atkins is nominated by Trump for the permanent chair position. However, confirmation details remain unclear, raising questions about the SEC’s future regulatory approaches towards digital assets such as crypto and NFTs.

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