TheCorporateCounsel.net

Yesterday, the White House announced that President Trump has designated Commissioner Mark Uyeda as Acting Chair of the SEC. Commissioner Uyeda has served as an SEC Commissioner since June 2022 and has been with the SEC since 2006 — as SEC detailee to both the legislative and executive branches, senior Advisor to Chairman Jay Clayton, Counsel to Commissioners Michael S. Piwowar and Paul S. Atkins, and Assistant Director and Senior Special Counsel in the Division of Investment Management.

Acting Chair Uyeda will preside over a three-person Commission — presumably until Paul Atkins, who President Trump has said he will nominate as Chair, is confirmed. Reuters reports that Acting Chair Uyeda and Commissioner Peirce “are expected to kick-start a cryptocurrency policy overhaul as early as this week.” Stay tuned!

– Meredith Ervine