Former SEC official: Gary Gensler is trying to manipulate SEC enforcement after leaving office

CoinRank News: John Reed Stark, former head of the U.S. SECs Office of Internet Enforcement, has issued a stark warning about the potential conflicts within the agency following Trumps victory. Stark recently posted on X: With the sudden promotion of a series of lame duck officials, U.S. SEC Chairman Gary Gensler has begun a deep government crusade. Genslers behavior is not only shameful, but also shocking. Stark accused Gensler of promoting five senior officials in the SECs enforcement department to ensure his influence after leaving office, four of whom have extensive experience in crypto enforcement. He called these moves unprecedented, noting that such promotions typically last for ten years, not a month. Stark explained that these are career civil service positions, which means that the new government cannot easily cancel them. Stark said: SEC Chairman Gary Gensler is clearly trying to manipulate the SEC enforcement department after leaving office. He added that the promotions were all made quietly, without public announcement or press release. Looking ahead, Stark predicts a conflict will brew between the incoming Trump administration and Gensler appointees: “The imperative from the White House and the crypto czar to incoming SEC Chairman Paul Atkins is undoubtedly to clean house, take names, and immediately order a permanent halt to all SEC cryptocurrency-related investigations, litigation, appeals, and rulemaking.”