SEC Chair Gensler Cites ‘Wild West’ of Crypto in Case to Increase Agency’s Budget

Securities and Exchange Commission (SEC) Chairman Gary Gensler made a pitch for tens of millions of dollars in additional funding for his agency’s multi-billion budget at the U.S. Senate Committee on Appropriations on Wednesday, telling lawmakers the agency must expand to, among other things, protect investors against a crypto industry “rife with noncompliance.”