The Securities and Exchange Commission today announced that President Donald J. Trump has designated Mark T. Uyeda as Acting Chairman of the agency. “I am honored to serve in this capacity after serving as a Commissioner since 2022, and a member...
Trump said Atkins, the CEO of Patomak Partners and a former SEC commissioner, was a "proven leader for common sense regulations." In the years since leaving the SEC, Atkins has made the case against too much market regulation. "He believes in the promise of robust, innovative capi...
President-elect Trump has nominated former Securities and Exchange Commissioner (SEC) Paul Atkins to replace outgoing chairGary Genslerwhen hedeparts on Inauguration Day. “Paul is a proven leader for common sense regulations. He believes in the promise of robust, innovative capital markets that are ...
The role of chairman is also likely to be up for grabs, with Trump having already promised to fire Gary Gensler at a bitcoin conference last summer. Gensler has headed up fraud charges and various other allegations against major crypto companies like FTX, Binance, Coinbase, and Kraken over t...
U.S. Rep. Patrick McHenry, a North Carolina Republican and chairman of the House Financial Services Committee, said Atkins has the experience needed to “restore faith in the SEC.” “I’m confident his leadership will lead to clarity for the digital asset ecosystem and ensure U.S...
Gensler’s stance on the rise of cryptocurrencies was captured during a speech he gave during the first year of his chairmanship in 2021 where he described the market as “the Wild West.” “This asset class is rife with fraud, scams, and abuse in certain applications,” he said in a ...
Commission (SEC) Chair Gary Gensler’s resignation upon President Donald Trump’s inauguration. Paul Atkins, who has co-chaired the Token Alliance, spoke of the need for a “change of course” at the SEC and will be given charge of the SEC when he is confirmed as its new Chairman. ...
SEC Chairman Jay Clayton praised the work of the two co-directors. "Their investor-first efforts have resulted in thousands of actions that have righted wrongs and, more importantly, both returned illicit gains to harmed investors and eliminated improper fees, providing lasting saving...
“Court after court has agreed with our actions to protect investors and rejected all arguments that the SEC cannot enforce the law when securities are being offered — whatever their form,” he said. However, with President-elect Trump’s win next week, the SEC appears poised to shift gears...
"The U.S. Treasury market is a critical piece of the global financial system. New rules must be implemented properly, and any operational issues must be addressed," said SEC Acting Chairman Mark Uyeda. "This one-year extension provides additional time to implement and validate operational c...