GAO to Investigate SEC Changes Amid Crypto Scrutiny

The U.S. Government Accountability Office (GAO) will investigate changes at the Securities and Exchange Commission (SEC), following requests from lawmakers. The probe will focus on staff reductions, lease terminations, and work consolidation. The investigation is expected to commence in approximately three months.

Senators Elizabeth Warren and Mark Warner requested the investigation due to concerns about the SEC's ability to fulfill its mission. Since President Trump's administration took office, the SEC has undergone significant changes, including staff reorganization and restrictions on enforcement staff.

The SEC's changes are particularly relevant to the cryptocurrency industry, which has faced regulatory adjustments. The GAO investigation could shed light on the impact of these changes on the SEC's regulatory landscape, especially regarding digital assets.