Trump Administration Nominates Mark Ueda for Acting SEC Chairman

The Trump Administration has announced that Mark Uyeda, a commissioner of the U.S. Securities and Exchange Commission (SEC), will serve as acting chairman of the financial regulator.
On the 20th (local time), the White House announced that Donald Trump
President Trump said Uyeda would replace SEC Chairman Gary Gensler until a new Senate nominee is confirmed.
Ujeda, a Republican, was appointed by former President Joe Biden to serve as SEC chief in 2022.
Before taking office, President Trump announced via social media that he would replace Gensler with former SEC Commissioner Paul Atkins.
Trump has said he plans to nominate Atkins to the SEC. Atkins' name is included in the list of undersecretary-level nominees he has announced he has submitted to the Senate.
It is unclear when the bill will be considered by the Senate. As a commissioner, Uyeda criticized the SEC's approach to digital assets under former Chairman Gensler, saying, "This is a strategy that promotes capital formation.
On January 20, a member of the Commodity Futures Trading Commission (CFTC) said,
Following Commissioner Behnam's resignation, Commissioner Caroline Pham announced that she would serve as acting chair.
The company is in a position to have a significant influence on policies relating to international assets.