The US Securities and Exchange Commission has not abandoned the proposal to require alternative trading systems to register as brokerages with the institution.

Gary Gensler, Chairman of the US Securities and Exchange Commission, reiterated on Thursday that the proposal to require alternative trading systems to register as brokers with the institution is still being insisted upon, indicating that the update will reduce regulatory disparities among trading platforms.

The institution announced this measure over two years ago, which was strongly opposed by digital asset companies including Coinbase (COIN.US), arguing that the exchange's definition may cover so-called decentralized financial platforms. Industry insiders state that this rule will make it nearly impossible for such trading venues to comply with the rules of the US Securities and Exchange Commission.