SEC Enforcement Head Asks Congress for More Resources to Tackle Crypto Issues

Several subcommittee members brought up the possibility of expanding the SEC Enforcement Division’s allocated resources. When Rep. Sean Casten (D-Ill.) asked Grewal whether his unit had sufficient resources to regulate crypto, Grewal hinted at a potentially massive expansion on the horizon.“

I could always use more resources but we’re making the best with the additional 20 slots and then we’re hopeful to get the 125 additional slots we’ve asked for,” Grewal said.

It’s currently unclear whether the 125 additional employees, if approved, will be spread across the entire Division of Enforcement or just the crypto unit.

Source: SEC Enforcement Head Asks Congress for More Resources to Tackle Crypto Issues