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The United States Securities and Exchange Commission (SEC) has asked Congress for an extra $158 million for its 2025 budget to address market changes in In written testimony for a Wednesday hearing of the U.S. House Committee on Appropriations, Gensler said he supported President Joe Biden’s request to budget more Paul Atkins, the chair of the Securities and Exchange Commission, laid out his vision for overhauling the agency's cryptocurrency policies on Monday, saying he plans to Reflecting the same school of thought, the agency’s chairGary Genslerquite recently outlined a few concerns about crypto enforcement in the budget Signs are pointing to a long and strategic effort to regulate what has been called the Wild West of the crypto market. Congress has approved a bigger budget for the The Securities and Exchange Commission (SEC) has unveiled its comprehensive activities and focal points for the fiscal year 2025, showcasing a strong En un testimonio escrito para una audiencia del miércoles del Comité de Asignaciones de la Cámara de Representantes de los Estados Unidos, Gensler dijo que The chairman asked U.S. lawmakers for $72 million in extra funding to, among other things, protect investors from crypto markets “rife with noncompliance.”

FY23 Budget Has a Crypto Twist: Here's What SEC Chair's Testimony Says

The financial landscape is evolving, and the FY23 budget reflects a growing focus on cryptocurrency regulation. The United States Securities and Exchange Commission (SEC) has unveiled its comprehensive activities and focal points for the fiscal year 2025, showcasing a strong emphasis on addressing the complexities of the digital asset market. In written testimony for a Wednesday hearing of the U.S. House Committee on Appropriations, Gensler said he supported President Joe Biden’s request to budget more resources for oversight. Specifically, the chairman asked U.S. lawmakers for $72 million in extra funding to, among other things, protect investors from crypto markets “rife with noncompliance.” This highlights the agency's concern regarding the lack of regulatory adherence within the crypto space. Gary Gensler, the agency’s chair, quite recently outlined a few concerns about crypto enforcement in the budget. These concerns stem from the rapid growth and increasing complexity of the cryptocurrency market, which poses unique challenges to investor protection and market integrity. The SEC’s pursuit of enhanced resources also included The United States Securities and Exchange Commission (SEC) asking Congress for an extra $158 million for its 2025 budget to address market changes. Paul Atkins, the chair of the Securities and Exchange Commission, laid out his vision for overhauling the agency's cryptocurrency policies on Monday, saying he plans to ramp up enforcement and introduce stricter regulations. This indicates a proactive approach to tackling the issues plaguing the crypto industry. Signs are pointing to a long and strategic effort to regulate what has been called the Wild West of the crypto market. Congress has approved a bigger budget for the SEC to facilitate this increased scrutiny and enforcement. En un testimonio escrito para una audiencia del miércoles del Comité de Asignaciones de la Cámara de Representantes de los Estados Unidos, Gensler dijo que the SEC plans to aggressively pursue cases of fraud and manipulation in the crypto market, ensuring investors are protected from unscrupulous actors. Reflecting the same school of thought, the emphasis on bolstering crypto enforcement within the FY23 budget signals a significant shift towards greater oversight and regulation of the digital asset space.

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