TechFlow news, on December 26, U.S. SEC Chair Gary Gensler stated he will resign when Trump takes office in January next year, which could impact certain regulatory rules during the transition.
Earlier, the U.S. SEC had developed a rule that could ripple through the cryptocurrency industry, known as "Regulation ATS." Reopened for public comment in April this year, it aims to expand the definition of trading platforms and could 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 regulation before Trump's inauguration, the future administration might not confirm the rule in the same manner—“or they could scrap it entirely”—depending on the SEC’s priorities.
