Mark Uyeda has been appointed Acting Chair of the SEC following Gary Gensler’s resignation, signaling a potential shift in the agency's approach to cryptocurrency regulation. Known for his pro-crypto stance,

Bitcoin (BTC) and the crypto market saw a slight uptick following Securities & Exchange Commission (SEC) acting chairman Mark Uyeda’s announcement of the creation of a crypto task force on Tuesday, led by Commissioner Hester Peirce, aiming to guide the agency toward a more practical regulatory framework for digital assets.

The Trump administration took its first steps Tuesday toward an expected lowering of regulatory barriers for cryptocurrency.