Acting President SEC, Mark Oida, announced that he had directed the agency’s employees to reconsider and may give up a controversial proposal that would expand ATS to cover the exchange of encryption and decentralized financing protocols.
to talk At the 2025 annual Washington Conference of the International Bankers Institute, Uyeda criticized the original proposal, saying it incorrectly mixed encryption markets with traditional financial regulations. The base was initially designed to increase the supervision of alternative trading systems, but it has turned into a wide regulatory expansion under former SEC president Gary Gensler, targeting decentralized exchanges and Blockchain -based trading platforms.
Uyeda claimed that the Supreme Education Council had received an overwhelming public opposition to the expanded definition of “exchange”, which could have forced many Defi projects to comply with traditional securities regulations.
In his statements, Uyeda described the suggestion as a mistake, on the pretext that he unfairly tried to integrate the lists designed for the treasury markets with a severe campaign on the encryption markets. He acknowledged that the Supreme Education Council must carefully reconsider how it dealt with regulating digital assets, saying that he officially requested options from SEC employees to withdraw the controversial aspects of the proposal.
SEC Organizational U-U-Under Under Trump
Uyeda is the latest in a series of SEC policy repercussions after the exit of former SEC president Gary Gensler and the Trump administration’s arrival. Since he took office, SEC has made several comprehensive changes to its approach to the organization of encryption, and to stay away from Jinsler’s aggressive enforcement position.
One of the most prominent transformations was to cancel the controversial guidance SAB 121, which was previously requested by companies to include the customer’s possessions as the opponents. In addition, SEC has dropped enforcement measures against major encryption companies, including its prominent claims against Coinbase and Conssys.
