During a speech at a Columbia Law School conference on March 22, U.S. SEC Chairman Gary Gensler emphasized the need for more transparency in the cryptocurrency sector, highlighting the evasion of registration by crypto firms. This call for increased regulatory oversight coincides with the SEC and other federal agencies requesting additional resources in their 2025 budget proposals to better police the cryptocurrency market, often referred to as the 'Wild West'. Gensler's remarks underscore the SEC's stance on the necessity for crypto companies to adhere to existing disclosure norms to protect investors. This perspective was further elaborated upon with Gensler's assertion that the crypto markets could benefit from more stringent regulations, a sentiment echoed in his reference to the sector needing 'a little disinfectant'. Amidst these developments, a Federal Judge criticized the SEC for 'pervasive misconduct' and 'organizational bad faith', casting a shadow over the commission's efforts to regulate the cryptocurrency industry. Gensler suggested that digital assets businesses are among those seeking to "whittle away at the SEC's disclosure regime", requiring companies to register securities and provide information to investors about them.