#SECCryptoRountable John Reed Stark, the former director of the Office of Internet Enforcement at the US Securities and Exchange Commission (SEC), recently expressed his opposition to regulatory reform for digital assets at the first SEC crypto roundtable. Stark emphasized that the Securities Act of 1933 and 1934 should not be altered to accommodate digital assets, as they already fall under the definition of securities ¹.

Stark argued that crypto buyers are not collectors, but rather investors, and it's the SEC's mission to protect them. He also pointed out that crypto firms have attempted to delay regulatory actions by hiring top law firms, but ultimately, they have lost nearly every case.

Stark's stance is that digital assets and cryptocurrencies don't bring anything new to the table compared to previous online revolutions, like the iPhone. His comments reflect his skepticism towards the crypto industry and its need for tailored regulations.

It's worth noting that Stark's views might not align with those of the entire SEC or the crypto community. The SEC has been exploring ways to provide clarity on crypto regulations, including hosting roundtable discussions with industry experts ².#BTC $BTC