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.

The SEC is undergoing a leadership change with crypto-friendly commissioners gaining control, potentially leading to policy revisions and reduced enforcement actions against crypto companies.

The Trump transition team has vetted at least half a dozen potential candidates to run the Commodity Futures Trading Commission, with two front-runners emerging.