Crypto Lawyer: SEC Commissioner Mark Uyeda is likely to become the next chairman of the agency.

As Trump prepares to take office as President of the United States in January 2025, the crypto community is speculating on the most likely candidates to lead the SEC. Crypto lawyer Jake Chervinsky stated on the X platform that SEC Commissioner Mark Uyeda is seen as a strong candidate for the position. Uyeda is known for criticizing the current SEC Chair Gary Gensler's approach to crypto regulation, having referred to Gensler's policies in October as a "disaster for the entire industry." Uyeda was appointed as an SEC Commissioner on June 30, 2022, and has consistently opposed enforcement-driven cryptocurrency regulation, earning the support of industry advocates seeking a more collaborative approach. Additionally, Chervinsky noted that the likelihood of Hester Peirce taking the lead is "very low," suggesting that Trump may prefer to choose someone other than Uyeda to lead the SEC during his term. The lawyer emphasized that Trump's primary crypto policy focus must be to end Biden's "attempt to destroy the industry through enforcement regulation."