From Cointelegraph.

March 21, 2025 5:15 pm:

Former SEC official John Reed Stark opposes regulatory reform for digital assets, arguing that existing laws should apply. Stark criticized the lack of innovation in cryptocurrencies and compared the industry to previous online revolutions. He has been a vocal critic of the crypto industry, calling for conformity to current laws.

Stark has been a prominent critic of cryptocurrencies, questioning the industry’s transparency and accountability. He previously likened a sponsorship deal between the Dallas Mavericks and a crypto firm to a deal with a “heroin manufacturing firm.” Stark believes that cryptocurrency should adapt to existing laws rather than the law evolving for digital assets.

Stark’s anti-crypto stance has faced criticism from industry executives and investors, with Mark Cuban calling out his views as “crypto derangement syndrome.” Stark has advocated for regulation by enforcement under former SEC chairman Gary Gensler. Critics argue that Stark’s views are unhinged and out of touch with the evolving crypto landscape.

Read more at Cointelegraph: John Reed Stark opposes regulatory reform at SEC crypto roundtable