The SEC Chairman is seeking $2.4 billion in funding and an increase in staff to combat "misconduct" in emerging areas such as cryptocurrency

ChainCatcher news, according to Cointelegraph, U.S. Securities and Exchange Commission Chairman Gary Gensler supports President Biden's request for a record $2.4 billion in funding for the agency, emphasizing the ongoing need to combat "misconduct" in the cryptocurrency industry.

Gensler stated that he plans to use these funds to hire more staff and experts, and to increase oversight of cryptocurrency companies and trading platforms. (Source link)