United

Chair

Gary

Coin

<ul class="wp-block-list news-points">
 <li><strong>SEC is set to receive the lowest budget since FY 2023 in FY 2025.</strong></li>
 <li><strong>US Senate Committee on Appropriations has set a budget of $2.23 billion for the SEC.</strong></li>
 <li><strong>SEC Chair Gary Gensler requested $2.594 billion earlier this year.</strong></li>
</ul>
<p>The United States Securities and Exchange Commission (SEC) will receive its lowest budget since FY 2023 thanks to the increased overspending under the Chairmanship of Gary Gensler. Last week, the US Senate Committee on Appropriations marked up the agency’s funding for FY 2025 and while Gensler requested $2.594 billion, the bill only allotted him $2.23 billion.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">NEW: Last week the <a href="https://twitter.com/SenateApprops?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@SenateApprops</a> Committee marked up the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@SECGov</a>’s appropriation (funding) for FY 2025. <a href="https://twitter.com/GaryGensler?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@GaryGensler</a> requested $2.594B but this bill only allots him $2.23B.<br><br>According to the SEC Union, the agency was forced to cut staff benefits and salary increases this year… <a href="https://t.co/gDbR4xWDin" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/gDbR4xWDin</a></p>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1820540465609130052?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 5, 2024</a>
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<p>As highlighted by Fox Business journalist Eleanor Terrett in a post on social media platform X (formerly Twitter), the SEC Union’s <a href="https://www.secunion.org/news/chair-genslers-employee-benefits-cuts" target="_blank" rel="noopener noreferrer nofollow">memo</a> said that the agency had to cut staff benefits and salary increases this year following Chair…</p>
<p>The post <a href="https://coinedition.com/sec-receives-a-massive-cut-in-budget-for-fy25-chair-gary-gensler-blamed/" rel="noopener noreferrer nofollow">SEC Receives A Massive Cut in Budget for FY’25, Chair Gary Gensler Blamed</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

SEC Receives A Massive Cut in Budget for FY’25, Chair Gary Gensler Blamed

Coin Edition

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