U.S. Commodity Futures Trading Commission (CFTC) has published its FY2023, or Fiscal Year, budget request. It seeks $365 millions. This is a 9.9% increase on the FY2021, and 20% more than in FY2021. The commission regulates the country’s derivatives market and has been increasingly active in recent years in policing financial products that incorporate cryptocurrencies.

According to the agency’s request document, the CFTC FocusDigital asset custodian Risk: ensuring safe storage and accounting. Due to lack of sectoral oversight on digital asset accounting, the agency employs its own certified public accountants. In addition, the agency ensures derivative clearing organizations “employ strong segregation of duty processes and procedures to safeguard against theft of the collateral from [their] employees,” and it has extensive plans to increase educational efforts.