Former Chief of the US SEC's Office of Internet Enforcement, John Reed Stark, has warned that the crypto industry is likely to face continuing enforcement actions from the SEC. He stated that the commission will not stand idle while investors are at risk and that the industry is in the midst of a regulatory onslaught. Stark compared the enforced rules to seatbelt laws and highlighted that sometimes investors need protection from themselves. The SEC has already launched enforcement actions against top crypto firms such as Genesis and exchanges like Kraken and Gemini. The commission has also sent a "Wells Notice" to the US's biggest crypto exchange, Coinbase.

(By Ashish Kumar)