SEC seeks to increase resources related to encryption enforcement review in fiscal year 2025 budget

the US Securities and Exchange Commission (SEC) has requested a budget increase for the 2025 fiscal year, with plans to expand its enforcement and examination division by adding more than 50 new positions. Cryptocurrency is a priority, and additional resources will strengthen the department's ability to respond to critical and constantly changing risks, such as those related to key market infrastructure resilience, network and information security, and risks related to cryptocurrency and emerging technologies. Additionally, the SEC has requested an additional position for its Office of Investor Education, which will primarily focus on handling issues and complaints related to fraud involving securities related to cryptocurrency assets.