Rep. French Hill, R-Arkansas, recently sent a letter to officials including Gary Gensler, chairperson of the Securities Exchange Commission (SEC), calling for a suspension of all ongoing rulemaking. Hill said that the public is deeply dissatisfied with the excessive regulation of the previous government, especially in the field of crypto, which may limit innovation. He criticized existing rules for constraining economic growth, emphasizing that they should be suspended to restore the balance between the government and the people. Hill's letter specifically refers to the SEC's ATS regulations, which he is concerned about could adversely affect decentralized projects.