Industry insider: If Gary Gensler does not approve the ATS regulation for decentralized projects before his resignation, the US SEC may give up

On December 26, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), stated that he will resign in January next year when Trump takes office, which may affect some regulatory rules during the process. The SEC had previously formulated a rule called "Regulation ATS" that could circulate in the cryptocurrency industry. It reopened for comments in April this year with an aim to expand the definition of exchanges and ultimately might require decentralized projects to register as alternative trading systems with this agency. However, Miller Whitehouse-Levine, CEO of DeFi Education Fund believes that if Gary Gensler does not adopt ATS regulations before Trump's inauguration, they may not confirm these regulations in the same way in future or they could completely abandon them depending on what are considered priorities by SEC.