SEC and CFTC Leadership Changes Signal New Opportunities for Crypto Regulations – BitRss

Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), has resigned from his position, with SEC Commissioner Mark Uyeda appointed as the interim chair. This transition is anticipated to pave the way for a more favorable perspective towards the cryptocurrency sector within the regulatory agency.

Mark Uyeda Takes the Helm at SEC

Mark Uyeda has officially assumed his role as the new interim chair of the SEC. He plans to adopt a more flexible and supportive approach towards digital assets. Following his appointment, there are expectations for the development of clearer and more guiding policies regarding the cryptocurrency industry.

SEC applies policies without providing guidance.

Mark Uyeda, Interim SEC Chair

Caroline Pham Appointed as CFTC Chair

Following the resignation of Rostin Behnam, the Chairman of the Commodity Futures Trading Commission (CFTC), Caroline Pham has been appointed as the interim chair. Pham supports smart regulations for digital asset companies and aims to steer the sector with initiatives like regulatory sandboxes.

Smart regulation ensures the establishment of clear rules.

Caroline D. Pham,…