Softer Crypto Regulations a Mistake, Leaves Investors Unprotected, Says Former SEC Director
- Former SEC director, John Reed Stark argued during the inaugural SEC Crypto Task Force roundtable that any softening of the regulator’s approach to crypto is a mistake and it must prioritise ensuring that crypto investors have the same protections as other investors.
- Stark claimed that crypto holders are obviously investors, not collectors, and that virtually all cryptocurrencies are securities and should be regulated under existing securities laws.
- Stark has long been one of the fiercest critics of cryptocurrencies, going as far as calling them a “scourge” on 60 Minutes last year and comparing crypto companies to “heroin manufacturers.”.
John Reed Stark, former director of the Securities and…
