Well, folks, it looks like under President Donald Trump’s watch, the U.S. Securities and Exchange Commission (SEC) is going on a diet. That’s right, they’re trimming 447 jobs in 2026 while still asking for a hefty $2.149 billion budget. Guess it’s the same amount they’ve been getting for the last two years, but with fewer bodies to spend it on. How delightful!
Same Budget, Smaller Workforce
On May 30, SEC Chairman Paul Atkins waltzed into Congress and said, “Hey, let’s keep the budget the same, but maybe we can do less with fewer folks!” So, the budget stays steady at $2.149 billion, but the full-time staff? Oh, they’re shrinking from 4,547 to 4,100. That’s nearly a 10% drop! Because, you know, who needs all those people when you can get by with half a dozen tech tools and a cup of coffee?
Apparently, a lot of employees took early retirement or buyout offers in 2025, which means the agency’s about to be running on fumes. But wait—despite cutting staff, the budget’s still $100 million more than it should be to maintain services at this reduced level. It’s like paying for a five-course meal but getting a single crumb. Yum.
Chairman Atkins has assured us that the SEC will make up for the staff shortage by “boosting technology and data tools.” Because when you don’t have enough hands to do the work, the obvious solution is to give the robots more work, right? But hey, with fewer bodies and a ton more responsibility, 2026’s gonna be a real *hoot* for the SEC!
Crypto Oversight Gets Focus, but Resources Shrink
The SEC is also doubling down on its mission to monitor the ever-growing crypto world, but don’t expect a magic solution. The agency plans to use its budget to stay focused on its “core mission”—with the very real possibility that they might have to merge with the Public Company Accounting Oversight Board (PCAOB) in 2026. Sounds like a brilliant plan, except for the tiny issue of not having enough people to do any of it. Talk about stretching your resources thinner than the last slice of pizza at a party!
15% Workforce Decline Already
Now, before you get too comfortable, let’s talk numbers. The SEC’s workforce has already shrunk by a charming 15% this year alone. From around 5,000 employees to a mere 4,200. Contractors? Down from 2,000 to 1,700. The SEC is looking more like a skeleton crew every day. Who needs people when you can just *hope* everything works out, right?
Experts are shaking their heads, wondering how the SEC will continue to police the financial markets, chase after fraudsters, or monitor the increasingly wild crypto circus with such a skeleton crew. But hey, they’ll try, right? Just don’t be surprised if the SEC’s next move is to turn on a robot to run the whole show!
Read More
- DOT PREDICTION. DOT cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- POLYX PREDICTION. POLYX cryptocurrency
- LAYER PREDICTION. LAYER cryptocurrency
- BNKR PREDICTION. BNKR cryptocurrency
- PUMPBTC PREDICTION. PUMPBTC cryptocurrency
- USD PHP PREDICTION
- SUI PREDICTION. SUI cryptocurrency
- USD VND PREDICTION
- Bitcoin Bottomed? Larry David Would Roll His Eyes at $74,500 Claims
2025-06-04 14:26