Former SEC Attorney Calls for DOJ Intervention in Crypto Scams

Former SEC Attorney Calls for DOJ Intervention in Crypto Scams



John Reed Stark, an attorney with 15 years of experience at the U.S. Securities and Exchange Commission (SEC) strongly advocates for the intervention of the Department of Justice (DOJ) in addressing cryptocurrency scams. According to Stark fraudulent individuals in the world appear to not take the SECs enforcement actions enough. He expressed concern about the lack of DOJ involvement in prosecuting cryptocurrency related frauds especially when compared to the SECs frequent enforcement actions. Stark finds this difference quite puzzling.



Furthermore Stark highlighted that some known figures in the cryptocurrency industry have shown a dismissive attitude towards the authority of the SEC. Specifically he mentioned Binance, Coinbase and Tyler Winklevoss from Gemini as companies currently engaged in battles with the SEC. However Stark


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