John Reed Stark opposes regulatory reforms on SEC CRIPTO Roundtable – TradingView News

John Reed Stark, former director of the Internet Implementation Office in the United States, securities Commission, pushed backwards against the idea of ​​regulatory reform at the first SEC CRIPTO round table.

The former regulator said that the Law on Securities 1933. and 1934 should not be changed to adapt to digital assets and call for digital funds to avoid definition of securities in current laws.

“People who buy crypto are not collectors. We all know that investors, and the Mission of SEC is to protect investors,” Stark said. A former official added:

“The scope of cases developed so quickly due to all these couples, delay, delay, idea and they hired the best law firms in the world, and these legal firms were fighting incredible submissions with incredible submissions.”

“I read each individual of them. And they just lost, I would definitely fight,” He continued.

The earring concluded that he did not see innovations in digital property or cryptocurrents compared to previous network revolutions, such as iPhone debuts.

John Reed Stark: One of the Cropt’s stable critics

Stark was one of the loudest opponents of the cryptocurries and the digital property industry, often criticizing industry due to lack of transparency and responsibility.

In February 2024. year, former SEC officer, the sponsorship between Dallas Mavericks – Atesona Basketball Association (NBA) – and Cropto Firm Voyager as an agreement with the “Heroin Production Company”.

Stark later said that the regulation of the Government’s execution of former President Gari Gensler was justified and added that the cryptocurrency must comply with existing laws, and not the law developed to record the future of money.

Stark’s anti-cripto apartment criticized executives and investors of industry as unregistered. In June 2023. The observed investor Mark Kuban called Reed’s views as a “crippto derangement syndrome”.