According to BlockBeats, Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), has announced his intention to resign in January, coinciding with the inauguration of Donald Trump. This decision may influence certain regulatory rules currently under consideration.
The SEC had previously developed a rule known as "Regulation ATS," which could impact the cryptocurrency industry. This rule, reopened for public comment in April, aims to broaden the definition of trading platforms and potentially require decentralized projects to register as alternative trading systems with the agency.
Miller Whitehouse-Levine, CEO of the DeFi Education Fund, suggests that if Gensler does not implement the ATS regulation before Trump's inauguration, the rule might not be confirmed in the same manner in the future. Alternatively, it could be entirely discarded, depending on the priorities of the SEC.