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HomeNewsLeadership Changes at SEC and CFTC: Mark Uyeda and Caroline Pham Appointed...

Leadership Changes at SEC and CFTC: Mark Uyeda and Caroline Pham Appointed as Acting Chairs

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  • Mark Uyeda Appointed SEC Acting Chairman, Succeeding Gary Gensler, As Agency Navigates Financial Regulation.
  • Caroline Pham Named Acting Chair of CFTC, Advocates for Regulatory Sandboxes to Support Crypto Innovations.

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have both announced new acting chairs. Mark Uyeda, a Republican SEC Commissioner, has been selected as the SEC’s new acting chairman, following the conclusion of Gary Gensler’s term.

Hester Peirce, another Republican commissioner, expressed her congratulations to Uyeda on social media.

SEC’s New Leadership and CFTC’s Acting Chair Appointment 

Mark Uyeda’s appointment comes at a crucial time for the SEC, which has seen substantial regulatory developments under Gensler’s leadership since 2021. Uyeda’s position as acting chairman is pivotal as the agency continues to navigate complex financial market, including the evolving cryptocurrency market.

Meanwhile, Caroline Pham has been appointed as the acting chair of the CFTC, according to Bloomberg. Pham has advocated for clear regulatory frameworks for the cryptocurrency industry and has proposed the idea of “regulatory sandboxes” to support emerging crypto businesses.

Future Leadership Prospects

The permanent chair positions for both agencies remain undecided. Pham is considered a top candidate for the CFTC’s permanent chair.

Additionally, Brian Quintenz, head of crypto policy at Andreessen Horowitz, is also among the frontrunners to lead the CFTC, highlighting the increasing intersection of venture capital interests and regulatory leadership.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
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