A notice from the White House on Monday revealed that President Donald Trump selected Securities & Exchange Commission (SEC) Commissioner Mark Uyeda to replace Gary Gensler as the agency's acting Chairman.
President Donald Trump tapped Mark Uyeda as the acting SEC chairman. Uyeda takes over from Gary Gensler, who resigned from the agency on Monday. President Trump also appointed Commissioner Caroline Pham as the acting Chairman of the CFTC. A notice from the White House on Monday revealed that President Donald Trump selected Securities & Exchange Commission Commissioner Mark Uyeda to replace Gary Gensler as the agency's acting Chairman.
According to Fox Business, Mark Uyeda aims to reverse policies set by Gensler's leadership, which he claims have been a real disaster for the industry. He also stated that he would help the Trump government provide clear regulations to end the war on crypto incurred by former president Joe Biden. Likewise, Uyeda could end some regulatory battles that lingered under the previous administration, such as the Ripple case over its XRP token.
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