Jan 20 (Reuters) - Newly sworn-in President Donald Trump

has tapped Mark Uyeda, a Republican member of the U.S.

Securities and Exchange Commission, to be acting chair of the

agency, the White House said Monday.

Uyeda takes over from Gary Gensler, former President Joe

Biden's hard-charging SEC chair whose ambitious agenda led him

to clash with Wall Street and the crypto industry.

Trump has said he will nominate former SEC Commissioner Paul

Atkins to the run the SEC on a permanent basis. Atkins, for whom

both Uyeda and fellow current SEC member Hester Peirce both

previously worked at the agency, is expected to make a sharp

turn away from how the Biden administration oversaw capital

markets.

Gensler, who stepped down Monday, inked dozens of rules

aimed at boosting transparency, reducing risks, and stamping out

conflicts of interest on Wall Street. He also sued multiple

crypto firms he alleged were flouting SEC rules.

Sources said this month that Peirce and Uyeda are expected

to kickstart a cryptocurrency policy overhaul as early as this

week, Reuters reported.

Uyeda could not immediately be reached for comment.

A Republican SEC commissioner since June 2022, Uyeda has

criticized Gensler's aggressive approach to rulemaking and

enforcement.

"The pending administration change will give the SEC a

chance to reset its regulatory agenda to focus on capital

formation and innovation, while protecting investors, like

seniors, from scam artists defrauding them," Uyeda told Reuters

in an interview in November.