Paul Atkins

Mark Uyeda, a current Commissioner of the U.S. Securities and Exchange Commission (SEC), has been named acting SEC chair following the resignation of Gary Gensler. Key Takeaways:- Mark Uyeda has been appointed acting SEC chair until the Senate confirms Paul Atkins as the permanent chair.- Rostin Behnam, Chairman of the CFTC, has resigned, and Caroline Pham, known for her pro-crypto stance, has been named acting chairwoman. Uyeda will hold the position until the Senate confirms President Donald Trump’s nominee, former SEC Commissioner Paul Atkins, as the permanent chair. The White House announced on Jan. 20 that Uyeda will temporarily take on the role until Atkins' confirmation process is complete. A Republican, Uyeda joined the SEC in 2022 after being nominated by former President Joe Biden. The acting SEC chair has been a vocal advocate for a more open regulatory approach to digital assets, often collaborating with Commissioner Hester Peirce to call for reduced enforcement actions targeting the crypto industry. Paul Atkins, Trump's pick for the SEC's top position, was formally nominated to the Senate shortly after Trump's inauguration. Atkins previously served as an SEC Commissioner and has ties to cryptocurrency through his work in a Washington-based consulting firm. His confirmation timeline remains unclear as the Senate deliberations. Uyeda’s term as acting SEC chair is expected to last until June 5, 2026, when Gensler officially steps down or until Atkins assumes the role permanently. Meanwhile, Trump has also appointed Atkins as an SEC member in an interim capacity. On the same day, the Commodity Futures Trading Commission (CFTC) announced that its Chairman, Rostin Behnam, has resigned. Caroline Pham, a CFTC Commissioner known for her crypto-friendly stance, has been named Acting Chairwoman of the agency. Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.