Gary Gensler, the controversial US Securities and Exchange Commission Chair, recently sounded the alarm on the uncharted territory of crypto markets.
In a bold move to rein in the untamed nature of these digital financial landscapes, Gensler addressed a panel of senators, imploring them to allocate an extra $109 million for his agency’s enforcement budget.
This request, if Congress approves, would elevate the SEC’s enforcement budget to an impressive $1.4 billion, signaling a relentless commitment to curbing potential abuses and safeguarding the public from the complexities of the crypto realm.
His call for increased funding is not a mere bureaucratic gesture but a plea for the necessary resources to bring order and clarity to an otherwise chaotic landscape.
Gensler Pushes For SEC Resources Amid Crypto Market Challenges
On July 19, before the Subcommittee on Financial Services and General Government US Senate Appropriations Committee, Gensler, in a speech, emphasized the crit
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