Gary Gensler Wants More SEC Funding to Crack Down on ‘Wild West’ Crypto

SEC chair Gary Gensler pulled no punches against crypto in a testimony to the House Financial Services Subcommittee on March 29.

The meeting addressed the agency’s fiscal year 2024 budget request, and Gensler acknowledged the high pace of technological change. However, he was quick to attack the digital asset sector yet again with this sweeping statement:

“Further, we’ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative asset class.”