SEC chair Gary Gensler has made another sweeping attack on the crypto industry asking for more money to deal with ‘misconduct’.
Highlights
- SEC chair Gary Gensler has made another sweeping attack on the crypto industry.
- He is seeking a whopping $2.43 billion for the SEC to continue its enforcement actions against ‘bad actors’ in the digital asset sector.
- The budget request for 2024 would support 5,139 full-time employees.
- The SEC chair is a self-proclaimed “cop on the beat” who views his position as an enforcer rather than a regulator.
- Bitcoin markets have shrugged off the repeated threats and action from Uncle Sam with a 2.4% gain on the day.
- Total market capitalization had reached $1.22 trillion at the time of writing.
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5 banks in France raided for tax fraud but sure, tell me how crypto is the problem