#Gensler Steps Down, Uyeda Named Acting SEC Chair#

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has formally resigned, with Republican Commissioner Mark Uyeda assuming the role of Acting Chair. Uyeda has been a vocal critic of Gensler’s aggressive regulatory approach, stating that the new administration will reset the SEC’s regulatory agenda, focusing on capital formation, innovation, and investor protection, especially in guarding against fraud targeting seniors. Meanwhile, U.S. Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam has resigned, with Republican Commissioner Caroline Pham stepping in as Acting Chair. Pham has been a thoughtful leader on digital asset issues, working to advance policies that affect our 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. Pham’s deep expertise and proven leadership make her well-suited to guide the Commission at this pivotal moment. The appointments of both Acting Chairs mark a significant shift in the U.S. regulatory landscape towards cryptocurrency, signaling a more friendly and supportive environment for innovation.