Former SEC official: Gary Gensler is attempting to manipulate SEC enforcement agencies after leaving office
Odaily Planet Daily News John Reed Stark, the former head of the Internet Law Enforcement Office of the US SEC, issued a stern warning on the possible conflicts within the agency after Trump's victory. Stark recently posted on X, stating: "With a series of sudden promotions of 'lame duck' officials, US SEC Chairman Gary Gensler has launched a deep government crackdown. Gensler's actions are not only shameful but also shocking. Stark accused Gensler of promoting five senior officials in the SEC enforcement department to ensure his influence after leaving, four of whom have extensive experience in cryptocurrency enforcement. He called these measures unprecedented and pointed out that such promotions usually last for ten years instead of a month. Stark explained that these are all career civil service positions, which means the new government cannot easily cancel them. Stark said, "SEC Chairman Gary Gensler is clearly attempting to manipulate the SEC enforcement department after leaving office He added that these promotions were carried out quietly without any public announcement or press release. Looking ahead, Stark predicts that a conflict will brewing between the incoming Trump administration and the person appointed by Gensler: "The orders issued by the White House and the crypto czar to Paul Atkins, the new chairman of the SEC, are undoubtedly to clear the door, take names, and immediately order a permanent halt to all SEC investigations, lawsuits, appeals, and rule making related to cryptocurrency