President-elect Donald Trump’s possible pick for Chair of the U.S. Securities and Exchange Commission (SEC) is reportedly planning to make the nation a global leader in crypto. According to a new report by Fox Business, Trump’s potential pick – current SEC Commissioner Mark Uyeda – says that he would overhaul how the government views the […]
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Donald Trump has not yet named his pick for SEC chair to send to the Senate, but Commissioner Mark Uyeda offered a preview of the regulator’s approach to crypto in 2025.
Mark Uyeda, a Republican commissioner at the United States Securities and Exchange Commission, has suggested that he would prioritize regulatory clarity for cryptocurrencies if picked and confirmed as the next head of the agency.
Speaking to Fox Business on Nov. 22, Uyeda echoed many of President-elect Donald Trump’s talking points on digital assets, saying that the SEC under Chair Gary Gensler had waged a “war on crypto.” Gensler announced on Nov. 21 that he intended to step down as SEC chair on Jan. 20 — the same day as Trump’s scheduled inauguration.
“First off, from a regulatory perspective, we can provide the appropriate clarity,” said Uyeda. “Some crypto is not even a security at all, but we need to make clear whether you fall within SEC jurisdiction or not.”
Former CFTC Acting Chair Chris Giancarlo said he’s “already cleaned up earlier Gary Gensler mess,” shooting down speculation he’d replace the SEC Chair.
Chris Giancarlo, the former Commodity Futures Trading Commission Chair, has squashed rumors that he’s in the mix to take over Gary Gensler as head of the Securities and Exchange Commission.
“I’ve made clear that I’ve already cleaned up earlier Gary Gensler mess [at the CFTC] and don’t want to have [to] do it again,” Giancarlo, widely known as “Crypto Dad,” said in a Nov. 14 X post.
Giancarlo was a CFTC commissioner between June 2014 and April 2019, joining a few months after Gensler left his over four-and-a-half-year tenure as chair of the agency in January 2014. Giancarlo was later appointed as the CFTC’s Acting Chair from January to August 2017.
The SEC’s “Crypto Mom” Hester Peirce is unlikely to replace Gary Gensler as the new chair, crypto lawyer Jake Chervinsky said.
As Donald Trump prepares to take office as president of the United States in January 2025, the cryptocurrency community is speculating on the most likely candidates to lead the US Securities and Exchange Commission.
Mark Uyeda, an SEC commissioner, is seen as a strong candidate for the role, according to crypto attorney Jake Chervinsky in an X post on Nov. 6.
Commissioner Uyeda is known for criticizing the crypto regulatory approach by current SEC Chair Gary Gensler, having in October called his policies a “disaster for the whole industry.”
A U.S. Securities and Exchange Commission (SEC) commissioner has urged the U.S. to adopt a more proactive approach to crypto regulation, pointing to the leadership of Indo-Pacific nations like Japan, Singapore, and Hong Kong. He emphasized that these countries have crafted clear frameworks that foster innovation while protecting investors, in contrast to the U.S., where […]
A commissioner of the U.S. Securities and Exchange Commission (SEC) says the agency is being steered in the wrong direction in terms of crypto regulation. In a new interview with Fox Business, SEC Commissioner Mark Uyeda says that Chair Gary Gensler has influence over the overwhelming majority of SEC employees and that the regulatory agency […]
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A U.S. Securities and Exchange Commission (SEC) commissioner has called the agency’s approach to cryptocurrency regulation a “disaster,” highlighting the SEC’s reliance on enforcement without clear guidance. He criticized the lack of regulatory clarity, which has led to conflicting court rulings, and emphasized the need for clearer distinctions on what falls under securities law. SEC’s […]
SEC Commissioner Mark Uyeda wants to update the agency's S-1 disclosure for cryptocurrency firms. His stance is a positive step toward progress.
Securities and Exchange Commission member Mark Uyeda suggested in a July statement that his agency had missed the mark with its approach to cryptocurrency, and proposed a shift in how the SEC handles S-1 requirements for crypto — the process by which companies publicly offer and distribute digital assets.
"Many of these issuers and crypto digital assets have characteristics for which Form S-1 may technically require information that is not relevant or applicable," Uyeda noted in his statement. "This approach ... is problematic because it neither facilitates capital formation nor protects investors. Consideration should be given to allowing variances from Form S-1 for crypto digital assets, similar to that given for fund and insurance products and other securities products."
Such a shift would move the agency away from pure enforcement and toward constructive regulation, and offer a more viable path for digital-asset issuers seeking to comply with securities laws.
U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda advocates for the withdrawal of Staff Accounting Bulletin 121 (SAB 121), which sets guidelines for accounting crypto liabilities. He argues that the method of its issuance undermines the foundational checks and balances designed to prevent excessive administrative control. Despite bipartisan support for a resolution to repeal […]
It was speculated that Gensler’s vote secured the launch of spot Bitcoin ETFs in January — and the same five commissioners are set to vote on Ether ETFs this week.
The fate of spot Ether (ETH) exchange-traded funds could be decided this week by a single vote from Gary Gensler, the chair of the United States Securities and Exchange Commission — if history is any indication.
In January, the approval of spot Bitcoin ETFs came down to a five-commissioner panel. Two crypto-friendly commissioners, Hester Pierce and Mark Uyeda, voted to approve ETFs, while Commissioners Caroline Crenshaw and Jaime Lizárraga voted against them.
Gensler also voted to approve it, leading many to believe his vote ultimately secured approval of spot Bitcoin ETFs, which were approved with a 3-2 vote on Jan. 10, 2024.
