The post Trump’s SEC and CFTC appointments reduce crypto market volatility appeared on BitcoinEthereumNews.com.

Following Donald Trump’s inauguration as the 47th President of the United States on Monday, market volatility across the crypto market has been on the low. Bitcoin, at the top of the key, has seemingly stabilized along the $103,000-$105,000 levels, while other coins sitting at the top 20 market cap ranking haven’t witnessed price upticks or slumps above 2% in the last day. Analysts have attributed this market calm to Trump’s appointment of new leadership at the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).  The new appointments, which feature individuals who are all pro-crypto, are widely seen as a positive step for the industry, and the market now seems like it’s in a state of rest. Mark Uyeda takes interim SEC chair role: A win for crypto? In a January 20 White House notice, President Trump named Mark Uyeda as the acting chair of the SEC, succeeding Gary Gensler, who officially left the seat on the same day. Uyeda has been a Republican SEC commissioner since June 2022 and will now hold the position in an interim capacity.  The now SEC chair, together with the crypto community are awaiting Senate approval of a permanent successor, believed to be Trump’s appointee Paul Atkins. “The SEC’s policies and approach on crypto over the last several years have been a disaster for the entire industry. […] We have been setting these policies through enforcement and done nothing to provide guidance…The war on crypto must end.” Uyeda told FOX News in October 2024. As a veteran in securities law, attorney Uyeda previously served as counsel for former SEC Commissioners Michael Piwowar and Atkins, who are widely known for their pro-crypto stances. Uyeda has been a vocal critic of Gensler’s tenure, particularly his enforcement-heavy approach to regulating the cryptocurrency industry. …

---

Filed under: News - @ January 22, 2025 8:24 pm