United States President Donald Trump, in a succession move, appoints Mark Uyeda as an acting Chairman to the US Securities and Exchange Commission after his predecessor, Gary Gensler, resigned, at a highly challenging time due to increasing tensions over its style of regulating crypto.
The White House statement disclosed his appointment as acting chairman along with 14 other federal US agencies. The announcement left open how long Mark Uyeda will be serving as US SEC’s interim Chair.
The move is temporary, with Uyeda stepping in while Paul Atkins’ confirmation as the permanent Chairman is pending. Uyeda’s leadership is expected to affect the agency’s approach, especially with relation to control of cryptocurrencies.
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The SEC website confirms there
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