It's Official: Gary Gensler Is Out at the SEC, and Crypto-Friendly Mark Uyeda Is In
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Mark Uyeda named interim SEC Chairman
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Gensler had previously announced he would resign at noon on Jan. 20 — the same time Trump was sworn into office
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Gensler had become the chief government antagonist for the crypto industry in recent years. He pursued enforcement cases, pushed controversial crypto accounting policy, favored tough rule proposals that threatened the industry's business model and blocked — for a time — the establishment of spot crypto exchange traded funds (ETFs). On the latter point, a court ruling against the agency forced Gensler's hand, and he eventually voted with the commission's Republicans to clear the path for ETFs
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