Crypto Crackdown: SEC Seeks More Funding, New Proposal To Ban Crypto Wallets

With the increased level of the crackdown, funding is crucial for the SEC to enforce cryptocurrencies and other financial products effectively. On March 29, the U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler requested an additional budget of $2.4 billion, citing an increased effort to conduct investigations and bring legal actions to “misconduct.