Mark Uyeda is the US Securities and Exchange Commission’s (SEC) acting chair. President Trump appointed him to the position. Action Published on January 20.
The SEC has released an a The following is a statement by the spokesperson Announcing the resignation of Gary Gensler, Chair.
Uyeda will lead the regulator until June 5, 2026 — the date when Gensler officially leaves the role and Paul Atkins, the nominated permanent head, takes office.
Atkins has also been appointed as a SEC Member in another way by Trump He will be the interim chair until next year, when he becomes permanent.
Uyeda’s long-standing advocacy of digital assets is well documented. He has called upon the regulator several times to be more pro-active in the way it approaches the digital assets industry.
In October last year, When an appearance is made On the Fox Business Mornings with Maria show, he claimed that the SEC created significant uncertainties, caused courts to step in, and issued inconsistent decisions.
Uyeda said at that time:
“There’s a growing frustration with the absence of guidance on what’s permissible and how to comply with securities regulations.”
In addition, in the a The following is a statement by the spokesperson published on Sept. 16, 2024, Uyeda and SEC Commissioner Hester Peirce criticized the SEC’s approach to non-fungible tokens (NFT), using an enforcement action against the Flyfish Club collection as an example.
Flyfish Club was a new dining venue that offered NFTs as a way to gain exclusive access into upcoming restaurant and bar. This effort generated $17.5 Million in primary sales and royalty income.
In their statement, Commissioners argue that NFTs are utility tokens instead of securities.
Gensler has officially left the office
Uyeda and SEC Commissioners Peirce and Caroline Crenshaw also wrote a joint statement on Gensler’s resignation.
They commended Gensler’s dedication and his collaborative approach. The Commissioners also emphasized the dignity in which they navigated policy differences, particularly regarding the crypto-industry. They pointed out:
“Chair Gensler has been committed to bipartisan engagement and a respectful exchange of ideas, which has helped facilitate our service to the American public.”
Gensler He announced his departure Trump will take office on November 21, 2024, just two weeks following the US presidential elections. Trump Vow On his first official day, the SEC fired its former chair.
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