The average employee salary at the US Securities and Exchange Commission (SEC) for fiscal year 2022 was $156,458, 125.6% higher than the earnings for other government employees and 115.9% higher than other federal agencies, according to Fox Business journalist Eleanor Terrett. The SEC has requested $2.43 billion to pay employees' salaries and other benefits for fiscal year 2024, with $1.6 billion to be used to pay the salaries of 5,473 employees of the commission. Ripple's general counsel Stuart Alderoty questioned how much the SEC intends to allocate to provide clear rules for crypto compared to spending on enforcement actions for fiscal year 2024, stating that the SEC is using enforcement to "bully and bulldoze" crypto innovation out of the US.
(By LELE JIMA)