In a recent update from COINOTAG News, highlighted by FOX Business reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) appears poised to reconsider key elements of its approach to cryptocurrency regulation. Under the guidance of Acting Chair Mark Uyeda, the SEC is contemplating the withdrawal of parts of the 2022 Gensler-era proposal designed to redefine **Alternative Trading Systems** (ATS) to encompass select cryptocurrency entities. During remarks at the International Bankers Association’s annual conference, Uyeda acknowledged the considerable opposition from the public regarding the proposal’s implications for the trading of digital assets. He stated, “I have requested that SEC staff explore options to retract that segment of the proposal.” Furthermore, Uyeda emphasized the importance of collaboration, mandating staff to renew dialogues with the **U.S. Treasury**, **Federal Reserve System**, and industry stakeholders to reassess areas ripe for regulatory evolution concerning ATS.
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