Gary Gensler, Chair of the U.S. Securities and Exchange Commission, will present his agency’s budget proposal for fiscal year 2025 before the Senate Appropriations Subcommittee tomorrow in Washington D.C. His testimony focuses on increasing SEC resources to address the growing complexity of financial markets. The proposed $2.594 billion budget aims for deficit-neutral operations and does not include specific cryptocurrency regulations. Gensler highlights concerns about the need for increased staffing and cybersecurity measures in response to evolving market dynamics. The testimony comes after a period of organizational shrinkage at the SEC, with Gensler aiming to increase agency capacity by hiring nearly 400 new employees this year. Although the hearing does not directly address cryptocurrencies like Bitcoin or Ethereum, past regulatory hearings have shown potential impacts on market volatility. Gensler emphasizes the need for adequate funding to support over 5,600 positions dedicated to bolstering regulatory frameworks, aligning with his policy priorities from his time as Chair of the Commodity Futures Trading Commission (CFTC). **This testimony reinforces a focus on regulatory stability and innovation in cybersecurity, signaling continued oversight while fostering sustainable growth within financial markets.**