[SEC Chair Defends CFTC Chair Selig, Asserting His Capability to Regulate Prediction Markets and Crypto Businesses] According to The Block, SEC Chair Paul Atkins stated in an interview with CNBC that despite the CFTC's budget and workforce being significantly smaller than the SEC's, Chair Michael Selig is 'highly capable' and is working diligently to clarify global innovative products, including prediction markets and crypto assets. For the 2027 fiscal year, the CFTC plans to request a $410 million budget from Congress, with approximately 550 employees, while the SEC's budget is around $1.908 billion, with over 4,000 employees.