Odaily reported that FOX Business reporter Eleanor Terrett disclosed that under the leadership of Acting Chair Mark Uyeda, the U.S. Securities and Exchange Commission (SEC) is considering abandoning part of the 2022 proposal made during Gary Gensler's tenure, which originally aimed to expand the definition of alternative trading systems (ATS) to include certain cryptocurrency companies. In his speech at the International Bankers Association's annual Washington conference today, Uyeda stated: "...given the strong negative public comments on including cryptocurrencies in the definition of trading platforms, I have asked SEC staff to provide the option of abandoning that part of the proposal." He also asked staff to re-engage with the U.S. Treasury, Federal Reserve, and market participants to discuss which areas the Commission should advance regulatory changes to alternative trading systems.