President Donald Trump has officially appointed Republican Commissioner Mark Uyeda as acting chair of the U.S. Securities and Exchange Commission (SEC), replacing Gary Gensler, whose tenure ended amid criticism from the crypto industry. Uyeda, known for advocating a more lenient approach toward cryptocurrency regulation, will oversee the SEC while awaiting Senate confirmation for Trump's nomination of Paul Atkins as the permanent chair. Uyeda has been vocally critical of the SEC's prior stances that restricted the crypto market, such as the controversial Staff Accounting Bulletin 121. As acting chair, he is expected to have significant influence over forthcoming regulatory decisions, contrasting with Gensler, who became a focal point of frustration for the crypto community due to his enforcement actions and the delay in approving spot crypto ETFs. The SEC now has a Republican majority, which may further shift its regulatory approach going forward.

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