John Reed Stark, a former director of the SEC Internet Enforcement Office, has shared his insights regarding the current state of cryptocurrency regulation. He anticipates a pause in the SEC’s appeal concerning the Ripple case, which may signal a broader halt in crypto-related appeals.
Stark’s expectations come in light of recent actions taken by the SEC, including:
- A pause in its case against Coinbase.
- A request for a two-month delay in the binance/?utm_source=CVJ.Ai&utm_medium=glossary&utm_id=CVJ.AI" target="_blank">Binance case.
Furthermore, the SEC has indicated that its newly formed crypto task force could play a role in resolving ongoing enforcement actions. This shift in strategy is attributed to the leadership of acting chairman Mark Uyeda, who took office on January 20. Stark has previously criticized the SEC’s cryptocurrency unit for its ineffectiveness and now foresees a significant slowdown in both formal and informal investigations within the crypto sector.
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