U.S. Securities and Exchange Commissioner Mark Ueda will temporarily lead the cryptocurrency industry's main regulator as acting chairman amid widespread turmoil across multiple federal agencies.
The appointment came shortly after SEC Chairman Gary Gensler resigned as Wall Street's top executive on Monday, as expected, in conjunction with President Donald Trump's inauguration. The committee's former chairman announced in November last year that he would resign on January 20, citing changes in the political climate triggered by the re-election of President Donald Trump, a cryptocurrency advocate.
President Trump nominated former SEC Commissioner Paul Atkins to run the SEC long-term. It is unclear when Atkins' appointment will be approved.
The SEC didn't come back right away. decryptionThis is a comment request from .
Ueda, a Republican, is an outspoken defender of the cryptocurrency industry. in fox business In an interview last October, Ueda called the SEC's treatment of the digital asset industry a “disaster.”
“We have been sent this 'policy through enforcement' but have done nothing to provide guidance on it. As a result, this has been achieved by the courts and different courts have given different decisions.” said Mr. Ueda in an interview. .
Edited by Andrew Hayward
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