Opinion: If Gensler doesn’t regulate ATSs for decentralized projects before he leaves office, the US SEC could abandon them.
According to BlockBeats, on December 26, US SEC Chairman Gary Gensler said he would resign next January when Trump is inaugurated, which could impact some of the regulations that are currently in the works.
The US SEC previously drafted a rule that could circulate in the crypto industry, called “Regulation ATS,” which reopened for comment in April this year, aimed at expanding the definition of trading platforms and could ultimately require decentralized projects to register with the agency as alternative trading systems.
However, DeFi Education Fund CEO Miller Whitehouse-Levine believes that if Gary Gensler doesn't pass Regulation ATS before Trump's inauguration, it likely won't be upheld in the same way in the future, "or they could scrap it altogether," but that depends on the SEC's priorities.
Source: BlockBeats