Gensler Seeks $2.4 Billion in Funding to Chase Down Crypto Misconduct

Fitzpatrick: The SEC is seeking $2.4 billion in funding to chase down crypto misconduct. He says the regulator received more than 35,000 separate tips, complaints and referrals for fiscal year 2022. Gensler said 30 out of 750 related to the crypto industry resulted in $242 million in monetary penalties compared to a $6.4 billion total. Fitzpatrick: If you get in the right firms like a planet here and you automate this, I'm assuming they're looking to make anywhere from 5 to 10 billion from that.