The SEC has requested $72 million to fight the “Wild West” in the crypto market Securities and Exchange Commission (SEC) Chairman Gary Gensler supported the Biden administration’s plan to allocate $2.4 billion to the agency’s operation. He also requested an additional $72 million from the US Senate to expand the state in order to protect investors from the “Wild West” in the crypto asset market: “We found the Wild West in the cryptocurrency sector. Investors were losing their hard-earned money in a highly speculative market.” Gensler plans to use an additional tranche of $72 million to increase the staff to
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Author: NixCoin