Former SEC Official Calls for Gensler to Resign, End All Crypto Crackdowns

CN
4 hours ago

Former chief of the U.S. Securities and Exchange Commission (SEC) Office of Internet Enforcement, John Reed Stark, has significantly shifted his stance on the agency’s cryptocurrency policies. Once a staunch defender of strict regulatory oversight, Stark now calls for SEC Chair Gary Gensler to resign and for the agency to halt its crypto-related actions.

In a series of posts on social media platform X, Stark tied his demands to the political shift following Donald Trump’s election victory. He wrote on Nov. 13:

SEC Chair Gensler should resign. The SEC staff should prepare a spreadsheet of all crypto-related investigations, litigation, and rule-making, so the new chair can swiftly grind them all to a screeching halt. Like it or not, the people have spoken and their will must be respected.

In a Nov. 10 post on X, Stark doubled down on his call for change, emphasizing the need for the SEC to respect the election results: “The stark reality is that the people have spoken and the SEC should stop all crypto-enforcement, dismiss/settle all ongoing crypto-litigation, and Chair Gensler should resign. President Trump’s victory was a mammoth landslide and it should be respected. To the moon I guess…”

Addressing the recent resignation of Gurbir S. Grewal, Director of the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement, Stark dismissed rumors of foul play while reiterating his call for a reevaluation of the agency’s crypto policies: “Definitely the right decision though. The people have spoken and the SEC should stop their crypto enforcement efforts, take some time to study the digital asset industry, and dismiss or settle a lot of the current crypto litigation,” Stark reiterated.

This shift in rhetoric marks a significant change for Stark, who previously warned of aggressive SEC enforcement against the cryptocurrency sector. His earlier stance, which included cautioning about a “regulatory onslaught” and supporting actions against crypto firms, contrasts sharply with his current appeal for a pause on crypto-related litigation.

Gensler recently made a statement fueling speculation about his potential resignation. Many believe he may step down before President-elect Donald Trump takes office, as Trump has stated he would fire Gensler on his first day in office. Trump has criticized Gensler’s strict enforcement of cryptocurrency regulations and has pledged to make the U.S. a global hub for cryptocurrency, even suggesting adopting bitcoin as a national reserve.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink