Summary
- Former SEC Enforcement Director John Reed Stark stated that the SEC is 'unofficially dead and buried.'
- The SEC has replaced the term 'virtual assets' with 'Emerging Technologies' in its LinkedIn department title.
- He indicated this was due to Acting Chairman Mark Uyeda's order to completely cease virtual asset-related enforcement.
John Reed Stark, former Director of Internet Enforcement at the U.S. Securities and Exchange Commission (SEC), stated through his X (formerly Twitter) account on the 13th (local time) that "The SEC is unofficially dead and buried."
He added, "The SEC has removed the term 'virtual assets (cryptocurrency)' from its official LinkedIn department title and replaced it with 'Emerging Technologies,'" suggesting that "This is likely because Acting SEC Chairman Mark Uyeda has ordered the complete cessation of virtual asset-related enforcement."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Key Economic and Crypto Events for the Week Ahead] U.S. January CPI, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
