As Donald Trump prepares to take office as President of the United States in January 2025, the cryptocurrency community is buzzing with speculation about who might lead the U.S. Securities and Exchange Commission (SEC).
According to Cointelegraph, cryptocurrency attorney Jake Chervinsky has identified SEC Commissioner Mark Uyeda as a frontrunner for the role.
Appointed to the SEC on June 30, 2022, Uyeda has consistently resisted heavy-handed cryptocurrency regulations, earning him support from industry advocates who favor a more collaborative approach.
Uyeda has criticized current SEC Chairman Gary Gensler’s strict stance on crypto regulation, calling his policies “a disaster for the entire industry.”
With Trump pledging to fire Gensler on his first day in office, the crypto community also sees SEC Commissioner Hester Peirce as a possible successor. Peirce, appointed by Trump on January 11, 2018, has long supported the crypto industry. However, Chervinsky downplays Peirce’s chances, describing the SEC Chair role as “difficult, thankless, and miserable.”
Chervinsky suggests that Trump may seek a fresh face to lead the SEC, given his view that the Biden administration has attempted to stifle the industry through aggressive regulation and enforcement.
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