SEC Chair Gary Gensler Raises Crypto Exchange Concerns Prior To Senate Hearing
Gary Gensler on Fiscal Year 2024 Budget The committee will review the fiscal year 2024 budget for the SEC, focusing on the financial services and general government sectors. The hearing , which will be held at 02:45 PM in Room 124 of the Dirksen Senate Office Building, will be presided over by Senator Van Hollen. As the head of the regulatory agency responsible for overseeing the securities industry, Chair Gensler will provide insights into the SEC’s budgetary needs for the upcoming fiscal year. The Senate Appropriations Committee is expected to have numerous questions for Chair Gensler due to the unique funding mechanism established by the Dodd-Frank Act for the SEC, which differs from that of other agencies. The Dodd-Frank Act, enacted in response to the 2008 financial crisis, introduced several regulatory reforms aimed at strengthening the financial system. Chair Gensler’s testimony will shed light on the SEC’s initiatives to protect investors, maintain fair an...