John Reed Stark, the former head of the SEC’s Office of Internet Enforcement, has issued a warning about potential turmoil within the regulatory body following Donald Trump’s victory. He accused the current SEC Chairman, Gary Gensler, of strategically promoting five senior executives, four of whom have significant experience in digital asset regulation, to maintain his influence after stepping down. According to Stark, such appointments are typically made over a 10-year period, not within a month. Stark predicted that with Paul Atkins being appointed as the head of the SEC, White House orders and the responsible official for digital assets, all investigations, lawsuits, reviews, and legislations related to digital currency will immediately halt. However, these officials appointed by Gensler to permanent civil service positions will be challenging to remove by the new administration.
