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Former SEC official warns: Gary Gensler will continue to wield power after stepping down! Five cronies have been promoted as enforcement judges to "continue cracking down on "
John Reed Stark, former head of the SEC's Office of Cyber Enforcement, recently warned that Gary Gensler, the outgoing current chairman of the SEC, recently quietly promoted five senior officials of the SEC Enforcement to try to manipulate the SEC Enforcement after leaving office, which means that after the Trump administration takes office, an inevitable conflict may break out within the SEC. (Synopsis: BTCSupercycle is coming?) Analyst: Trump's BTC reserves, global companies buying or breaking Halving's bull and bear fate) (Background supplement: Full text of the "US BTC Strategic Reserve" administrative draft: managing BTC as a permanent national asset) Gary Gensler, the current chairman of the US Securities and Exchange Commission (SEC), which has long suppressed crypto world, will officially resign on January 20 next year when the Trump administration takes office. Trump's plan to nominate former SEC commissioner Paul Atkins, who has taken a friendly stance on cryptocurrency, is expected to end years of repressive regulatory environment for crypto worlds. Gensler secretly promoted officials to try to manipulate the SEC? However, John Reed Stark, the former head of the SEC's Office of Cyber Enforcement, recently tweeted a stern warning of possible conflict within the SEC after Trump took office, saying that Gary Gensler recently secretly promoted a series of lame-duck officials to launch a "deep government crusade", which is not only shameful, but also shocking. With A Rush of Sudden "Lame Duck" Promotions, SEC Chair Gary Gensler Has Begun a Shameful Deep State Crusade. Gensler's Actions Are Not Just Disgraceful, They Are Scandalous. SEC Chair Gary Gensler is clearly attempting to pilot the SEC Enforcement Division from the grave. Since... — John Reed Stark (@JohnReedStark) December 18, 2024 John Reed Stark alleges that Gary Gensler recently promoted five senior officials within SEC law enforcement to retain influence after he left office, four of whom have significant experience in cryptocurrency enforcement. In John Reed Stark's view, the move is unprecedented, such promotions typically take decades, not just a month, and these are civil service positions that mean the incoming Trump administration cannot be easily removed. John Reed Stark pointed out that these promotions were made in secret without public announcements or press releases, and Gary Gensler apparently tried to continue to control SEC law enforcement after his departure: When the newly appointed Paul Atkins takes over as SEC chairman and appoints a new SEC enforcement chief, this person will face five high-ranking officials hand-picked by Gary Gensler, which is an overwhelming majority! Fierce internal conflict inevitable? Looking ahead, John Reed Stark predicts a fierce conflict between the Trump administration and Gary Gensler's elected officials, as the instructions given by the White House and the Cryptocurrency Policy Czar to new SEC Chairman Paul Atkins are undoubtedly to clean up the portal, hold them accountable, and immediately order all SEC cryptocurrency-related investigations, lawsuits, appeals, etc. to stop permanently. He expressed concern about the officials caught between the Trump administration and Gary Gensler, saying that Gary Gensler pushed the five officials into a fire pit and forced them into a meaningless confrontation with the future chairman, which would only end up being a failure, but with Trump's pro-cryptocurrency stance shaping the future of the SEC, the power struggle within the agency could become a hot spot for conflict. Related reports Michael Sylor throws out digital asset framework: offset US Treasuries with BTC reserves! CryptoQuant says feasible but challenging Vancouver passes 'BTC-friendly city' proposal! Consider adding BTC to fiscal reserves and paying taxes Russian parliament proposes to "include BTC in strategic reserve assets" as a counterweight to international economic sanctions Former SEC official warns: Gary Gensler will take power after stepping down! Five close law enforcement officers have been promoted to "continue to ban encryption" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".