Mark Uyeda has been appointed as the acting chair of the U.S. Securities and Exchange Commission (SEC) following the resignation of Gary Gensler amid a significant shift in the federal government under President Donald Trump's administration. Uyeda's appointment comes after Gensler expressed intentions to resign due to a change in political climate, marked by Trump's pro-crypto stance following his re-election. Trump has nominated former SEC Commissioner Paul Atkins for the permanent position, though the timeline for his confirmation remains uncertain. Uyeda, known for his advocacy of the cryptocurrency industry, criticized the SEC's approach to digital assets as a 'disaster', emphasizing the need for clearer guidelines rather than relying solely on enforcement actions. His tenure as acting chair is seen as a pivotal moment for the SEC and the cryptocurrency industry during this transitional phase.

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