Transfer of power at the SEC: Gary Gensler steps down

With the beginning of a new chapter ends another. Gary Gensler resigned as chairman of the Securities and Exchange Commission (SEC) last night after Donald Trump was sworn in as president.

In a farewell statement, the commissioners thanked Gensler for his commitment and leadership: "Thank you for your strong leadership, your dedicated advocacy for our organization and investors, and your friendship."

Mark Uyeda becomes interim chairman of the SEC

Republican Commissioner Mark Uyeda has been named interim chairman of the SEC by President Trump via Executive Order. Uyeda will take over until Paul Atkins, Gensler's intended successor, officially assumes office in June 2026.

Atkins is known for his affinity for the crypto world. Those interested in learning more about his views on crypto and the financial world can visit a comprehensive profile: This is how Trump's husband thinks about crypto.

New course for cryptopolitics?

According to reports from Reuters Uyeda and Commissioner Hester Peirce could work together to revise crypto policy within the SEC. This would potentially lead to a different regulatory approach and a more favorable attitude toward digital currencies.

Gensler's legacy: Bitcoin and the future

Meanwhile, Gensler made his case about Bitcoin just before his departure. He argued that the cryptocurrency, like gold, "could play a role in the future." This ruling has generated a lot of attention within.

With the arrival of new executives at the helm of the SEC, a new phase for U.S. crypto-regulation appears to be underway. Exactly how it will unfold remains exciting for now.