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ZyCrypto 2023-03-31 21:51:14

Cryptos Brace for More Enforcement Actions as SEC Seeks $2B Funding to Tame ‘Misconduct’

Gary Gensler, the Securities and Exchange Commission (SEC) Chair, is pushing for additional funding to increase oversight, especially in the cryptocurrency sector. On Wednesday, Gensler told the House sub-committee on financial services that he supports President Joe Biden’s $2.4 billion funding allocation to the agency for the fiscal year 2024 to create additional 170 positions.

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