Gary Gensler’s SEC’s war on crypto is over, ex-SEC official says – DL News
- The SEC has lost its war on crypto.
- US crypto bigwigs expect a friendlier SEC under Donald Trump.
- Cases against US crypto companies will be scrapped.
Crypto in the US is about to be free from its biggest albatross ― relentless regulatory enforcement by the Securities and Exchange Commission.
That’s according to John Reed Stark, a former head of the SEC’s Office of Internet Enforcement.
In an X Spaces on Thursday, Stark declared an end to the SEC’s war on crypto given Donald Trump’s victory in the US presidential elections.
“The SEC is not going to be bringing any fraud cases against cryptoverse participants at all in the coming years,” Stark said.
Under Gary Gensler, the current SEC chair, crypto firms in the US have come under…
