Former SEC Internet Enforcement Chief John Reed Stark issued a warning in a lengthy tweet, stating that the impact of cryptocurrency regulation will never end. He indicated that cryptocurrency exchanges like Binance and Coinbase are merely "playing a short-term regulatory arbitrage game. All of this is about making as much fiat currency as possible before the inevitable extinction. This fuels the rapid growth of an unregulated 'post-apocalyptic era' market, thus the SEC's cryptocurrency enforcement crackdown will never cease. Stark, who founded the SEC Internet Enforcement Office and served as its Chief for 11 years, also held the position of SEC Enforcement Attorney for 15 years