In a significant development, Gary Gensler ends his term as SEC Chair, marking a potential regulatory change for the crypto industry. Mark Uyeda, a known crypto ally, takes over as acting Chair until a formal appointment is made.
Uyeda has been recognized for his positive attitude towards cryptocurrency, often opposing Gensler's stringent enforcement methods. His leadership might soften the regulatory landscape.
Additionally, changes at the Commodity Futures Trading Commission indicate further potential for a friendlier approach towards crypto under the new U.S. administration.
The evolving political dynamics might offer a "honeymoon period" for the crypto sector despite some skepticism.
