Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), talked about his concerns over cryptocurrencies while making a budget request for the upcoming fiscal year.
Expressing his concerns about cryptocurrencies at the meeting on May 18, Gensler said that President Joe Biden from $2.1 billion He said he supported the demand for more budget. Gensler also estimated the stock market commission’s staffing. It announced that it will increase by 50 people.
Talking about cryptocurrencies as “highly volatile and speculative,” the SEC chairman said, “With the recruitment of additional personnel, we will accelerate the investigation and enforcement work.” said.
Also Gens:
We will investigate tens of thousands of complaints from the public by increasing the staffing of the cryptocurrency and cyber unit.
said.
After stating that he is worried about the growing market of cryptocurrencies, Gensler is interested in the field. want more funds he also added.
In addition, the SEC Chairman also made statements about Terra. Gensler ” In just a few days Close to zero at $50 billion reached a value.” said.