Uyeda will serve as the interim head of Wall Street’s top cop while Trump’s pick for permanent chair, Paul Atkins, waits to be confirmed by the Senate.

The newly inaugurated Trump White House taps the contrarian commissioner as temporary head amid a slew of walk-outs from the agency.

By Chris Prentice (Reuters) -Newly sworn-in President Donald Trump has tapped Mark Uyeda, a Republican member of the U.S. Securities and Exchange Commission, to be acting chair of the agency, the White House said on Monday.

The appointment likely signals a loosening of the SEC’s cyrptocurrency policy during the second Trump presidency.

Donald Trump appoints Republican SEC Commissioner Mark Uyeda as acting chair. Uyeda, known for his pro-crypto stance, has criticized the SEC’s regulatory overreach. He has

The new task force will be led by Commissioner Peirce and was unveiled by an SEC release criticizing the commission’s prior approach to crypto enforcement.

The White House has announced the appointment of Mark Uyeda as the Securities and Exchange Commission (SEC) acting chair much to the surprise of some stakeholders. In early December last year, the then President-elect Donald Trump reportedly picked pro-crypto Paul Atkins as the new chair for the SEC to replace Gary Gensler,