According to ChainCatcher and reported by The Block, SEC Chairman Gary Gensler has indicated that he will resign in January when Trump takes office, which may affect some regulatory rules in the process.
The SEC previously formulated a rule that could circulate in the cryptocurrency industry, known as 'Regulation ATS,' which reopened for public comment in April this year, aimed at expanding the definition of exchanges and may ultimately 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 regulations before Trump takes office, it may not be confirmed in the same way in the future, 'or they could just scrap it all,' depending on what the priorities of the SEC are.