#SEC Chair Resigns, Mark Uyeda Takes Over#

Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has officially resigned, with Republican Mark Uyeda taking over as Acting Chair. Uyeda, an SEC Commissioner since 2022, has been a vocal critic of Gensler's aggressive regulatory approach, advocating for clear crypto regulations to protect investors and support innovation. He has publicly criticized inconsistent crypto enforcement and pushed for interagency dialogue on the industry. Uyeda's appointment is seen as a signal of a major shift in SEC regulatory policy, with expectations that the new administration will reset the SEC's regulatory agenda, focusing on capital formation, innovation, and investor protection, particularly guarding against scams targeting seniors. Meanwhile, the Commodity Futures Trading Commission (CFTC) has also welcomed a new Acting Chair, Caroline Pham, a thoughtful leader in the digital asset space who has been committed to advancing policies that impact the industry. As President Trump seeks to position the U.S. as a global leader in digital assets, the CFTC will play a crucial role in shaping this vision. The appointments of both new Acting Chairs signal a significant shift in the U.S. regulatory approach to cryptocurrencies, with a greater emphasis on supporting innovation and protecting investor interests going forward.