SEC Chair Gary Gensler Seeks $2.4 Bln Budget Amid Staff Exodus

SEC Chair Gary Gensler is making headlines again as he seeks an unprecedented $2.4 billion budget for the agency, intending to expand staff by 170 positions, particularly in the crypto and cyber unit. However, amid this ambitious proposal, reports suggest a looming crisis within the SEC’s ranks, with senior enforcement lawyers eyeing exits, raising questions about Gensler’s leadership and the agency’s stability.