President Donald Trump appointed Mark Uyeda as the acting chair of the SEC amid growing concerns regarding previous securities regulations. Uyeda criticized the former policies for being poorly conceived and suggested a regulatory overhaul for the crypto markets, aiming for improved clarity and understanding.
In addition, Travis Hill was designated as the acting chair of the FDIC. He emphasized the need for greater transparency in banking sectors’ interactions with cryptocurrencies, indicating a shift towards a more accommodating regulatory environment for the crypto industry.
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