According to online reports, FOX Business reporter Eleanor Terrett disclosed that the U.S. Securities and Exchange Commission (SEC), under the leadership of Acting Chairman Mark Uyeda, is considering abandoning part of the 2022 Gensler era proposal, which was originally intended to extend the definition of Alternative Trading Systems (ATS) to include certain cryptocurrency companies. In a speech today at the International Bankers Association's annual Washington Conference, Uyeda said: "... In light of the strong negative public comments about including cryptocurrencies in the definition of a trading platform, I have asked SEC employees to provide the option of abandoning this part of the proposal." He also asked employees to re-engage with the U.S. Treasury, the Federal Reserve and market participants to discuss areas where the committee should advance regulatory changes to alternative trading systems.