John Reed Stark, a former SEC official, has male The agency’s encrypted currency unit is now informally “dead and buried”.
He said on social media: “Adhere to the fork in the SEC Crypto-Endervory, it has been done,” he said on social media.
SEC has now removed “encryption assets” from the unit’s official name on LinkedIn, to replace the term “emerging techniques”.
Stark believes that changing the name was ordered by SEC Mark Uida President in order to dismantle the fully encryption implementation.
In 2022, the Supreme Education Council announced a tremendous expansion of “encryption and electronic unity assets” within the enforcement department. Earlier, it was simply known as the electronic unit.
David Hirsch, who led the unit in 2022, left the agency last June after a nine -year period.
After the departure of the president of Sec Gary Gensler, the new SEC administration has moved quickly to Back Explanation of encrypted currency, and sending upper lawyers Jorge Teniro to the Agency’s Information Technology Department. Celebration was widely celebrated by the heads of encryption, including Ripple executives.
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“SEC’s website will not be long before the new name is reflected … under any circumstances, regardless of how SEC’s representative stickers or the new SEC chair or revolves in eliminating the SEC application associated with encryption, litigation, and making rules And Stark added: “And manipulated a fork at SEC Crypto-Endervory, it has been done,” Stark added.
like It was mentioned by u.todayStark previously saw that SEC was “done”, expecting that the incoming administration would stop targeting the encrypted currency industry through enforcement procedures.
SEC is also expected to stop or fall off some current encryption claims. Earlier this week, the agency suspended the Binance case for two months.
