President Donald Trump named Mark Uyeda, a Republican member of the U.S. Securities and Exchange Commission (SEC), acting chair of the agency.
What Happened: The White House confirmed Uyedas’s role as acting chair of the agency.
Trump picked former SEC Commissioner Paul Atkins to oversee the SEC permanently, but Congress must approve the nomination.
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Uyeda temporarily takes over duties from Gary Gensler, former President Joe Biden‘s SEC chair, who prosecuted cryptocurrency-related companies like Coinbase and Ripple …Full story available on Benzinga.com