From Cointelegraph: 2024-05-07 13:02:00

Former SEC official John Reed Stark recently spoke out against the misuse of “regulation by enforcement” claims during a U.S. Congress hearing. Stark’s criticism sheds light on a controversial regulatory practice that has raised concerns within the financial industry.

Stark’s comments come as Congress grapples with balancing the need for regulatory oversight with concerns about regulatory overreach and abuse. The debate highlights the challenges facing lawmakers as they seek to navigate the complex regulatory landscape.

Stark’s testimony underscores the importance of clarifying regulatory guidelines and ensuring that enforcement actions are based on clear and transparent standards. His remarks serve as a reminder of the need for regulatory agencies to uphold the rule of law and protect against potential abuses of regulatory power.

Read more at Cointelegraph: Crypto must adapt to laws, not the other way around — John Reed Stark