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.

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

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.

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.

Newly sworn-in President Donald Trump has tapped Mark Uyeda, a Republican member of the Securities and Exchange Commission, to be acting chair of the agency, the White House said today.

Mark Uyeda’s appointment as the new chairman of the Securities and Exchange Commission (SEC) marks a pivotal moment for the regulatory landscape of cryptocurrencies in the US. As Gary Gensler steps down,