It’s official: Mark Uyeda has been appointed as the acting chair of the U.S. Securities and Exchange Commission (SEC), following Gary Gensler’s resignation. This transition comes as President Donald Trump elevates Commissioner Uyeda to lead the agency temporarily while awaiting Senate confirmation for Paul Atkins, Trump’s nominee for permanent chair.

Key Highlights:

• Gary Gensler, once a controversial figure in the crypto space, is no longer in charge, a change that many in the industry welcome.
• Uyeda has been a supporter of easing regulations affecting the crypto industry, and his prior experience working with Paul Atkins adds to his profile.
• The SEC’s remaining commissioners, including Hester Peirce and Caroline Crenshaw, issued a statement on Gensler’s departure, acknowledging their differences yet appreciating his commitment to bipartisan dialogue.

As the industry watches, Uyeda’s leadership could signal a shift towards a more favorable regulatory environment for digital assets.