Ex SEC Chief Warns Of More Crypto Lawsuits Ahead; Which Exchange Can Be Next?

Crypto News: The U.S. Securities and Exchange Commission (SEC) has increased uncertainty in the market with its recently filed lawsuit against several digital asset related firms and personalities. As the crypto market moves to recover from the lows of 2022, a former SEC executive issued a warning that enforcement may continue ahead.

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US SEC Gearing Up For More Enforcement

According to a Financial Times report, John Reed Stark, former Chief of the US SEC’s Office of Internet Enforcement is positive that the market will continue to see more lawsuits ahead. He stated that the crypto industry is in the midst of a regulatory onslaught.

Stark mentioned that the commission will not be going to stand idle and that too at a time when investors are at risk. Every day, it seems like there is a new lawsuit coming targeting the crypto industry, he added. However, the former chief compared the enforced rules with seatbelt laws and highlighted that sometimes investors need protection from themselves. Read More Crypto News Here…

US SEC Chair, Gary Gensler recently launched severe enforcement actions against some top crypto firms. This includes digital asset lender Genesis and exchanges like Kraken and Gemini.

Also Read: WEF Recognizes Bitcoin Mining’s Economic and Environmental Benefits

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