The recent announcement from SEC Chairman Gary Gensler about his impending resignation next January as the Trump administration resumes leadership has brought considerable uncertainty to the regulatory landscape of cryptocurrencies. His departure may influence pivotal regulations, particularly the Regulation ATS, which recently reopened for public comment. Initially introduced to redefine trading platforms, this regulation could necessitate that decentralized projects register as alternative trading systems with the SEC.
Miller Whitehouse-Levine, the CEO of the DeFi Education Fund, underscores the potential implications of this transition. He posits that Gensler’s failure to advance the ATS regulation prior to January might result in a shift in focus for the incoming SEC chair. This could either lead to a revision of the proposed regulation or its outright cancellation, reflecting the agency’s evolving enforcement priorities in the decentralized finance sector.
Source: https://en.coinotag.com/breakingnews/impact-of-gary-genslers-resignation-on-cryptocurrency-regulation-what-it-means-for-decentralized-projects/