Under Mark Uyeda's Leadership: Changes in Crypto Regulation

user avatar

by Giorgi Kostiuk

2 years ago

Following Gary Gensler's resignation, Mark Uyeda has stepped in as the acting chair of the SEC, potentially reshaping the agency's approach to cryptocurrencies.

Gensler’s Controversial Leadership

Gary Gensler, appointed as SEC chair in 2021, followed a 'regulation by enforcement' policy. His tenure saw over 100 actions against crypto companies, including giants like Coinbase and Ripple. The ongoing Ripple case highlighted the need for clearer regulation. According to the Blockchain Association, Gensler's actions cost the industry over $429 million in legal fees.

Gensler’s actions cost our association members over $429 million.Blockchain Association

Mark Uyeda’s Crypto-Friendly Approach

Mark Uyeda is known for his supportive stance on clearer and more crypto-friendly regulation. As acting SEC chair, he plans to review the agency's policies to reduce its aggressiveness. One of his goals is to streamline the approval of cryptocurrency ETFs, which could aid the market's growth.

The Future of the SEC Under Paul Atkins

Paul Atkins, a former commissioner known for his pro-business stance, has been nominated for the permanent SEC chair position. His potential Senate confirmation could lead to a liberalization of the agency's approach to emerging technologies like cryptocurrencies. Atkins and Uyeda are expected to make the U.S. a more attractive jurisdiction for the crypto industry.

The appointments of Mark Uyeda and the potential confirmation of Paul Atkins could be pivotal for the SEC and the crypto industry in the U.S., fostering more balanced regulation and innovation support.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

HTX Strengthens Global Compliance and Showcases at TOKEN2049

HTX has made significant strides in global compliance initiatives while participating in TOKEN2049, a major event in the crypto industry held in Singapore.

user avatarDiego Alvarez

SEC Files Charges Against Richard Heart for Fraud

The SEC charged Richard Heart and his entities with conducting unregistered offerings of crypto asset securities.

user avatarMaria Fernandez

HTX Marks 13th Anniversary with Major Celebrations and Trading Events

HTX celebrated its 13th anniversary with major events, including the Anniversary Carnival and Trading Championship 3, highlighting its resilience in the crypto market.

user avatarKenji Takahashi

Richard Heart Arrested in Istanbul on Interpol Charges

Richard Heart, founder of Hex cryptocurrency, was detained in Istanbul under an Interpol Red Notice for aggravated tax fraud.

user avatarGustavo Mendoza

MediaMarkt Saturn Ceases Sales of Ledger Devices Amid Security Concerns

MediaMarkt Saturn has stopped selling Ledger devices due to security concerns following a customer report of a hidden implant.

user avatarRajesh Kumar

Binance Expands into Traditional Finance as Mining Pool Closes

As Binance prepares to shut down its mining pool, the exchange is expanding into traditional finance by providing access to over 7,000 US stocks and ETFs for customers outside the United States.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.