The SEC is gearing up for more crypto oversight.
Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, has cited concerns about cryptocurrency enforcement in its budget request for the next fiscal year.said
he supported President Joe Biden’s request to budget more than $2.1 billion for the SEC in FY2023, allowing the regulatory body to increase its enforcement division by 50 people. The SEC chair cited concerns about the crypto space, referring to markets as “highly volatile and speculative” as well as the need for “new tools and expertise” to address enforcement.
“The additional staff will provide the Division with more capacity to investigate misconduct and accelerate enforcement actions,” said Gensler. “It also will strengthen our litigation support, bolster the capabilities of the Crypto Assets and Cyber Unit, and investigate the tens of thousands of tips, complaints, and referrals we receive from the public.
“We’ll use our enforcement tools to bring enforcement actions [against crypto trading platforms], but I prefer if they come in [...] We’re not trying to grow really significantly, but resources to grow at least six percent to grow our enforcement arm in this space.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
SEC Chair Gary Gensler Wants to Increase Agency's Enforcement Budget to Protect Crypto InvestorsSEC boss Gary Gensler says that the agency has too few staff members to properly protect cryptocurrency investors
Weiterlesen »
More Crypto Market Turmoil Is Predicted by SEC Chairman Gary GenslerSecurities and Exchange Commission Chairman Gary Gensler said Wednesday he worries that more investors will be harmed in cryptocurrency markets, after this month’s implosion of the stablecoin known as TerraUSD
Weiterlesen »
Elon Musk calls on SEC to investigate Twitter's spam, fake account estimateMusk has put his $44 billion acquisition of the social media giant temporarily on hold as he awaits details supporting Twitter's calculations that spam and fake accounts make up less than 5% of the platform's users.
Weiterlesen »
Gensler tells Congress that the SEC is 'really out-personed' on cryptoSecurities and Exchange Commission chair Gary Gensler told a Congressional subcommittee Wednesday that his agency needs more human resources as it looks to regulate the US crypto space.
Weiterlesen »
US Treasury Sec. Yellen: US policy, risk aversion are factors favoring dollar strengthWhen asked about the dollar strength, US Treasury Secretary Janet Yellen said that they were committed to market-determined exchange rates, as reporte
Weiterlesen »