• President Donald Trump tapped Mark Uyeda as the acting SEC chairman.
  • Uyeda takes over from Gary Gensler, who resigned from the agency on Monday.
  • President Trump also appointed Commissioner Caroline Pham as the acting Chairman of the CFTC.

A notice from the White House on Monday revealed that President Donald Trump selected Securities & Exchange Commission (SEC) Commissioner Mark Uyeda to replace Gary Gensler as the agency's acting Chairman.

Mark Uyeda becomes acting Chairman of SEC following Trump's pick

Pro-crypto Republican Commissioner Mark Uyeda has been appointed the acting Chairman of the SEC following Donald Trump's inauguration. 

In a notice on Monday, the White House listed the individuals assigned by President Donald Trump to lead in various capacities of the new government. The list included Uyeda, who became an SEC Commissioner in 2022.

Uyeda replaces former Chair Gary Gensler, who left the agency on Monday.

Under Gensler's administration, the SEC employed a "regulation by enforcement" approach, suing top crypto companies including Coinbase, Binance, Ripple and Kraken. Gensler reportedly slapped over 100 enforcement actions against top crypto companies and individuals in his tenure.

According to Fox Business, Mark Uyeda aims to reverse policies set by Gensler's leadership, which he claims have been a real disaster for the industry. He also stated that he would help the Trump government provide clear regulations to end the "war on crypto" incurred by former president Joe Biden. 

Likewise, Uyeda could end some regulatory battles that lingered under the previous administration, such as the Ripple case over its XRP token. This could accelerate the approval of crypto exchange-traded funds (ETFs), which have been monumental in the adoption of digital assets.

Donald Trump first tapped Republican Paul Atkins to lead the SEC after winning the election. Atkins remains the top candidate for the permanent position of Chairman but awaits approval from the Senate.

In other news, President Trump also appointed Republican Commissioner Caroline Pham as the acting head of the SEC.

"I'm humbled to lead the CFTC as Acting Chairman. It is an honor to be entrusted to serve the American people during this pivotal time. I want to thank President Trump for his confidence in me," Pham said.

The members of the CFTC confirmed Pham to be the new acting Chair in a vote held on Monday.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Top 3 gainers Supra, Cosmos Hub, EOS: Supra leads recovery after Trump’s tariffs announcement

Top 3 gainers Supra, Cosmos Hub, EOS: Supra leads recovery after Trump’s tariffs announcement

Supra’s 25% surge on Friday calls attention to lesser-known cryptocurrencies as Bitcoin, Ethereum and XRP struggle. Cosmos Hub remains range-bound while bulls focus on a potential inverse head-and-shoulders pattern breakout.

More Cryptocurrencies News
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market

Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market

Bitcoin price remains under selling pressure around $82,000 on Friday after failing to close above key resistance earlier this week. Donald Trump’s tariff announcement on Wednesday swept $200 billion from total crypto market capitalization and triggered a wave of liquidations.

More Bitcoin News
Can Maker break $1,450 hurdle as whales launch buying spree?

Can Maker break $1,450 hurdle as whales launch buying spree?

Maker is back above $1,300 on Friday after extending its lower leg to $1,231 the previous day. MKR’s rebound has erased the drawdown that followed United States President Donald Trump’s ‘Liberaton Day’ tariffs on Wednesday, which targeted 100 countries.

More Maker News
Gold shines in Q1 while Bitcoin stumbles

Gold shines in Q1 while Bitcoin stumbles

Gold gains nearly 20%, reaching a peak of $3,167, while Bitcoin nosedives nearly 12%, reaching a low of $76,606, in Q1 2025. In Q1, the World Gold ETF's net inflows totalled 155 tonnes, while the Bitcoin spot ETF showed a net inflow of near $1 billion.

More Bitcoin News
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market

Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market

Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP