Crypto Industry Faces Regulatory Uncertainty and Pushback from Lawmakers and Officials.

Former SEC official John Reed Stark has warned cryptocurrency investors to exit their investments, citing the lack of investor protection on crypto trading platforms. Stark emphasized the importance of SEC registration for financial firms, which requires proper handling of investor funds. He argued that crypto trading platforms present high-risk and unstable environments for investors, lacking oversight, customer protection, and risk detection measures. Stark's warning follows recent legal actions by the SEC against major crypto exchanges, signifying an intensified crackdown on the digital asset sector.