The SEC wants to bulk up its enforcement and examinations division by adding over 50 new positions, according to its budget request.
The Securities and Exchange Commission wants to bulk up its enforcement and examinations division by adding over 50 new positions, according to its most recent budget request.
Budget requests are more of an annual appropriation process that is sent to lawmakers in the House and Senate appropriations committees to then draft legislation. Those bills are then voted on, which can be a lengthy process that can go right up until the deadline. "Over the past year, this work has focused on better understanding and combating digital asset gaps in the U.S. and global financial system, as well as ransomware financing, Russia illicit financing, and money laundering from fentanyl and synthetic opioids among other important issues," Treasury said in its budget request.
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