Opinion: If Gensler Does Not Approve ATS Regulation for Decentralized Projects Before Stepping Down, the SEC May Abandon It

BlockBeats News, December 26th, SEC Chairman Gary Gensler has stated that he will resign in January next year when Trump takes office, which may affect some of the regulatory rules in the process.

The SEC has previously formulated a rule that may cycle in the cryptocurrency industry, called "Regulation ATS," reopened for comments in April this year, aiming to expand the definition of trading platforms and eventually may require decentralized projects to register with the agency as alternative trading systems.

However, Miller Whitehouse-Levine, CEO of the DeFi Education Fund, believes that if Gary Gensler does not adopt the ATS regulation before Trump takes office, he may not affirm the regulation in the same way in the future, "or they can scrap it altogether," depending on what the U.S. Securities and Exchange Commission's priorities are.