tl;dr
Republican SEC Commissioner Mark Uyeda has been selected as the agency's new acting chairman, replacing Gary Gensler. Uyeda has been critical of the SEC's approach to cryptocurrency regulation and has predicted eased enforcement. Meanwhile, CFTC Commissioner Caroline Pham has been chosen as the agen...
Republican SEC Commissioner Mark Uyeda has been appointed as the agency's new acting chairman, replacing Gary Gensler. Uyeda, a vocal critic of the SEC's approach to cryptocurrency regulation, predicts eased enforcement.
Meanwhile, CFTC Commissioner Caroline Pham has been selected as the agency's acting chair, advocating for clear regulatory policies for the cryptocurrency industry. The permanent chair for the SEC is yet to be determined.
This comes after Chair Gary Gensler ended his term earlier today. Uyeda was briefly seen as the frontrunner for the top job in early November. He has been a vocal critic of the SEC's "regulation through enforcement" approach and predicted eased cryptocurrency enforcement and greater clarity in December.
Caroline Pham, the head of CFTC, has been picked to serve as the agency's acting chair and is one of the top candidates for the permanent chair position. Brian Quintenz, the head of crypto policy at Andreessen Horowitz, has also emerged as a frontrunner for the SEC chairmanship.
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