With Trump’s return to the White House, speculation is mounting in the crypto community over who will lead the U.S. Securities and Exchange Commission (SEC). Crypto attorney Jake Chervinsky sees Mark Uyeda, an SEC commissioner critical of current Chair Gary Gensler’s crypto policies, as a top candidate for the role. Hester Peirce, known as “Crypto Mom,” is viewed as less likely to step up.
Key Points
- Uyeda’s Potential Appointment: SEC Commissioner Mark Uyeda has emerged as a favorite to replace Gensler, known for his critiques of Gensler’s enforcement-heavy stance, calling it a “disaster for the whole industry.”
- Low Odds for “Crypto Mom”: Commissioner Hester Peirce, long hailed by the crypto community, is reportedly unlikely to take the chair role. Chervinsky doubts Peirce’s interest, citing the demanding nature of the position.
- Trump’s Policy Shift: Trump’s administration aims to undo the current “regulation by enforcement” approach, which has targeted major crypto firms and projects like Tornado Cash. Ending Gensler’s aggressive stance on crypto is expected to be a top priority.
Short Narrative
As Trump prepares to take office, Mark Uyeda, an SEC commissioner and vocal critic of Gensler’s crypto crackdown, has emerged as a likely pick for SEC Chair. Uyeda’s appointment could signal a new era of collaboration between the SEC and the crypto industry. Meanwhile, Hester Peirce, despite her pro-crypto reputation, is seen as unlikely to pursue the position, preferring to avoid the “thankless” nature of the role, according to Chervinsky.
Actionable Insight
The potential shift in SEC leadership under Uyeda could represent a more balanced approach toward crypto, potentially easing regulatory pressure on the sector. Industry stakeholders should prepare for a more open line of communication with the SEC.
Call for Information
FinTelegram invites insights from those familiar with SEC proceedings or Uyeda’s stance on crypto. Your contributions could shed light on what this leadership change might mean for crypto regulation.
