Sen. Elizabeth Warren (D-MA) believes that the SEC is best suited to regulate crypto over the CFTC.   In a speech delivered at the American Economic Liberties Project, Warren said, "The SEC has the right rules and the right experience, and [SEC Chair] Gary Gensler is demonstrating that he is the right leader to get the job done." More:  Warren called on the SEC to use tools to enforce securities laws on crypto fraud.  Last year, the SEC filed 760 enforcement cases, including 30 crypto cases.  The SEC says that the responsibilities at the agency have grown over the year with gaps in funding.  "The SEC's budget is insufficient given its enormous responsibilities and when compared to the wealth and resources of the financial services industry it oversees," says the agency.  Crypto regulation in the U.S. involves many regulators, including the CFTC, SEC, and Financial Crimes Network of the Department of the Treasury.  U.S. regulation of traditional securities is under the oversight of the SEC. The CFTC maintains jurisdiction over derivatives, including futures or swaps.  The crypto industry prefers regulatory oversight under the CFTC and over the SEC.