Over the weekend, the United States President-elect Donald Trump and his wife, Melania, launched memecoins just ahead of the much-anticipated inauguration event. The events have sent the crypto community into a tailspin.

President Donald Trump has elevated Republican Commissioner Mark Uyeda to take over the SEC from a now-departed Gary Gensler.

SEC leadership transition marks Gensler's departure; Atkins to lead with pro-business focus, especially in crypto regulation.

As Gary Gensler exits the SEC and Donald Trump reclaims the presidency, the crypto world faces a pivotal moment: Will America finally move from regulatory uncertainty to clarity, empowering innovation in blockchain and tokenized assets—or will the 'gray area' persist, leaving the U.S. trailing behind global competitors?

The SEC rolled out a new crypto task force on Tuesday, aimed at helping "draw clear regulatory lines" in the space, the agency said.

"Arbitrary" and "capricious" will forever characterize Gary Gensler's tenure at the helm of the U.S. Securities and Exchange Commission, a couple of words used in two crucial rebukes by U.S. courts. Why it matters: The former Goldman partner and veteran regulator established the crypto industry as enemy number one from the outset of his term in 2021.

Gary Gensler exits the SEC, leaving a legacy of investor-focused reforms and controversial crypto enforcement.

U.S. President Donald Trump has designated new acting chairs for the SEC and CFTC in Mark Uyeda and Caroline Pham respectively – both of which are known for their criticism of enforcement-first crypto regulatory actions.

SEC Chair Gary Gensler said he didn’t think the 2024 US presidential election, which led to his resignation, was about money from the crypto industry.

Pro-crypto Republican Commissioner Mark Uyeda has been appointed the acting Chairman of the SEC following Donald Trump's inauguration. In a notice on Monday, the White House listed the individuals assigned by President Donald Trump to lead in various capacities of the new government. The list included Uyeda, who became an SEC Commissioner in 2022.

President-elect Donald Trump's new pick for Chair of the U.S. Securities and Exchange Commission (SEC) is reportedly expected to start his tenure by revamping the agency's crypto policies.

Follow Cointelegraph’s live blog as Donald Trump takes the oath of office on Jan. 20. Stay tuned for crypto policy updates, market reactions and analysis of the administration’s potential impact on the crypto sector.