John Reed Stark (@JohnReedStark) / X

John Reed Stark

4,658 posts

John Reed Stark

@JohnReedStark

President, John Reed Stark Consulting LLC | Senior Lecturing Fellow, Duke University School of Law | Former Chief, SEC Office of Internet Enforcement

Bethesda, Maryland

johnreedstark.com

Joined September 2010

Pinned
John Reed Stark
@JohnReedStark
Mar 4, 2023
My late grandfather was a patriot's patriot but don't take my word for it. A treasure trove of his letters home, found in a dusty old shoebox, not only offer a unique/unfiltered glimpse into WWII army life, but they also bestow 6 essential career lessons. linkedin.com/pulse/six-care…
285K
John Reed Stark
@JohnReedStark
Apr 1, 2022
I worked at the SEC for 18+ yrs, the last 11 as Chief of the SEC Office of Internet Enforcement. I have taught cyber law at Georgetown and Duke Law Schools for 20 yrs. I spent 5 yrs at Stroz Friedberg fighting cyber crime. Why I believe the bulk of Web3 is both scourge & scam.🧵
John Reed Stark
@JohnReedStark
Dec 11, 2022
Binance’s “proof of reserve” report doesn’t address effectiveness of internal financial controls, doesn’t express an opinion or assurance conclusion and doesn’t vouch for the numbers. I worked at SEC Enforcement for 18+ yrs. This is how I define “red flag.
Binance Is Trying to Calm Investors, but Its Finances Remain a Mystery
From wsj.com
John Reed Stark
@JohnReedStark
Jun 8, 2023
Get out of crypto platforms now, I can't say it any plainer. Having worked as an attorney in the SEC Enforcement Division for almost 20 years (including 11 years as Chief of the SEC Office of Internet Enforcement), I believe that we now know for certain that crypto trading
John Reed Stark
@JohnReedStark
May 11, 2023
Thanks Master Sherpa but I have to respectfully disagree with your scathing accusations. Ouch! However, I do love the language -- "predatory extraterritorial agenda" -- that is awesome my friend. I wish I understood what it meant but my guess is that even I did I can guarantee
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John Reed Stark
@JohnReedStark
Jan 24, 2023
Having served for 11 yrs as Chief of the SEC's Office of Internet Enforcement, I believe the design language of the crypto-Ponzi scheme is a multi-faceted grift, comprised of a wide range of falsehoods, all calculated to dupe consumers/investors. Here are 12 egregious examples:🧵
1.3M
John Reed Stark
@JohnReedStark
Jun 12, 2023
Binance/DOJ Newsflash: Binance and CZ just added a uniquely qualified criminal defense all-star lawyer to their legal team: George Canellos, former Chief of the Major Crimes Unit in the U.S. Attorney's Office for the Southern District of New York and former head of the SEC's New
1.6M
John Reed Stark
@JohnReedStark
Jan 11, 2023
Crypto-friendly bank Silvergate received $4.3B loan from the Federal Home Loan Bank to stave off a bank run. US taxpayers are now officially subsidizing crypto fraud/grift in the first US crypto-bailout, all done in plain view. So this is how liberty dies.
Silvergate Bank loaded up on $4.3 billion in Home Loan bank advances
From americanbanker.com
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John Reed Stark
@JohnReedStark
May 21, 2022
ECB President Christine Lagarde: "Crypto-currencies are worth nothing and based on nothing,” and should be regulated to steer people away from speculating on them. Finally, a leader courageous enough to call crypto what it is - a huge, global Ponzi scheme.
Lagarde Says Crypto Is ‘Worth Nothing’ and Should Be Regulated
From bloomberg.com
John Reed Stark
@JohnReedStark
Nov 10, 2024
The Stark reality is that the people have spoken and the SEC should stop all crypto-enforcement, dismiss/settle all ongoing crypto-litigation and Chair Gensler should resign. President Trump’s victory was a mammoth landslide and it should be respected. To the moon I guess . . .
John Reed Stark
@JohnReedStark
Nov 7, 2024
x.com/i/spaces/1LyxB…
John Reed Stark
Host
AMA: Why The SEC’s War on Crypto is Now Over (A Trump SEC Explained)
453 tuned in
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John Reed Stark
@JohnReedStark
Jan 2, 2023
Having worked in the SEC Enforcement Division for 18 yrs, including 11 as Chief of the SEC Office of Internet Enforcement, my take is that when crypto trading firms fabricate their own tokens, it’s not innovation, it’s securities fraud and counterfeiting.
Binance Failing to Get US Exchange Listings for BNB Is Yellow Flag for Crypto Analysts
From finance.yahoo.com
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John Reed Stark
@JohnReedStark
Jun 7, 2022
I worked in SEC Enforcement for 18+ years. Two Senators just cited bitcoin as a "wonderful investment idea for retirement . . because bitcoin shines as a store of value." Bitcoin is down 50% since November. Please don't listen to such horrible advice. You risk losing everything.
Squawk Box
@SquawkCNBC
Jun 7, 2022
Should #Bitcoin be able to be used in your retirement fund? @andrewrsorkin asks @SenLummis and @SenGillibrand:
00:00
John Reed Stark
@JohnReedStark
Dec 9, 2024
Replying to @bgarlinghouse and @60Minutes
I wish you and all the XRP supporters all the best Brad and as I mention in the 60 Minutes online segment, lots of digital asset investors are friends of mine (including @Scaramucci, my close friend of over 50 years, since we were 10 years old). I have often found that for many
John Reed Stark
@JohnReedStark
Dec 8, 2024
Article
12 Unprecedented SEC Reforms to Expect During the First 100 Days of SEC Chair Paul Atkins
Having served at the SEC for almost 20 years and as Chief of the Office of Internet Enforcement of the U.S. Securities and Exchange Commission (SEC) during the entirety of the term of former SEC...
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John Reed Stark
@JohnReedStark
Nov 13, 2024
SEC Chair Gensler should resign. The SEC staff should prepare a spreadsheet of all crypto-related investigations, litigation and rule-making, so the new Chair can swiftly grind them all to a screeching halt. Like it or not, the people have spoken and their will must be respected.
GIF
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John Reed Stark
@JohnReedStark
Jan 14, 2023
Bitcoin’s price is rising for one reason: Market Manipulation. A recent Forbes analysis of 157 crypto exchanges found that 51% of daily bitcoin trading volume being reported was likely bogus (and that was the tip of the iceberg). David Gerard explains:
David Gerard (@[email protected])
From circumstances.run
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