CryptoLink - January 2025 Updates

Both the CFTC and SEC have new Acting Chairs, who are known to be crypto advocates, with Mark Uyeda being appointed Acting Chair of the SEC, taking over from Gary Gensler, while Caroline D. Pham has assumed the role of Acting Chair at the CFTC, succeeding Rostin Behnam. Mr. Uyeda will serve as Acting Chair until a decision is reached regarding the confirmation of Paul Atkins, who President Trump has nominated to be SEC Chair. On January 21, 2025, Acting Chair Uyeda also announced the formation of a new Crypto Task Force, charged with “developing a comprehensive and clear regulatory framework for crypto assets. Chair Pham has emerged as a prominent advocate for regulatory clarity in the US crypto industry. These appointments coincide with a significant policy shift regarding digital assets under President Trump.