Insiders: If Gary Gensler does not approve ATS regulation for decentralized projects before stepping down, the SEC may abandon it.

Gary Gensler, the chairman of the U.S. Securities and Exchange Commission, has stated that he will resign when Trump takes office in January, which may impact some regulatory rules in the process. The SEC had previously developed a rule that could circulate in the cryptocurrency industry, called 'Regulation ATS,' which reopened for public comment this April, aimed at expanding the definition of exchanges and potentially requiring 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, it may not be confirmed in the same way in the future, 'or they could discard it altogether,' but it depends on the SEC's priorities.