Former SEC Attorney Warns! “Exit Crypto!”

Cryptocurrency sector of the SEC Binance and CoinbaseWhile the lawsuit filed against .

In this context former SEC attorney John Reed Stark In his post, he warned the investors by stating that the SEC has just started.

Stating that investors should steer clear of crypto companies, Strak said that crypto platforms are definitely under US regulatory sanctions siege.

The former SEC attorney said in his post:

“I warn crypto investors, get out of crypto platforms immediately, I can’t say more clearly.

Having worked as a lawyer for nearly 20 years with the SEC, I believe we now know for certain that crypto trading platforms are under US regulatory sanctions siege.

This siege has only just begun.

Note that I am outspoken and an SEC critic. Also, I don’t have any cryptocurrencies. I am 100% objective, independent and unbiased.

However, my view is that the SEC is on point in its enforcement efforts regarding the cryptocurrency industry.

Whatever crypto platforms promise, they are bound to be high-risk, dangerous, and inherently insecure.

For customers of most so-called crypto exchanges and platforms, there is not only a gap in customer protections, but a gap as well.

…”

Former SEC lawyer, finally SEC’s crypto- He stated that registration with the SEC, which he stipulates on his platforms, has the effect of protecting investors from individual risks and capital markets from global systemic risks.

Get out of crypto platforms now, I can’t say it any plainer. Having worked as an attorney in the SEC Enforcement Division for almost 20 years (including 11 years as Chief of the SEC Office of Internet Enforcement), I believe that we now know for certain that crypto trading…

— John Reed Stark (@JohnReedStark) June 8, 2023

*Not investment advice.