Crypto Specialist Job Opening at U.S. Securities and Exchange Commission
The regulatory body is hiring a crypto specialist attorney advisor for its Trading and Markets division.
The United States Securities and Exchange Commission (SEC) is stepping up its involvement in the digital assets industry, looking to onboard a “crypto-specialist”.
According to a Friday jobposting on USAJobs, an official government employment portal, the SEC’s Division of Trading and Markets (TM) plans to hire the new attorney adviser in order to help develop a “comprehensive plan” to address crypto and digital asset securities. The new hire will also serve as the watchdog’s point of contact for domestic and international regulators, market participants, and the public.
The successful candidate is expected to have in-depth knowledge of the federal securities laws and digital securities. There are also several education and working experience requirements for the position. With a prospective salary of $144,850–$238,787 a year for a full-time role, candidates have until April 12 to apply for the job.
Last June, the SEC named Valerie Szczepanik as a senior adviser for digital assets and innovation, also known as the crypto czar. Szczepanik is charged with coordinating “efforts across all SEC Divisions and Offices regarding the application of U.S. securities laws to emerging digital asset technologies and innovations, including initial coin offerings and cryptocurrencies.”
And while this is not the first time the SEC is making crypto-related appointments, the fact that the agency is now looking for a cryptocurrency expert may signal good news for Bitcoin-based exchange-traded funds (ETF) applicants. The watchdog has so far denied or postponed deciding on crypto ETF proposals, citing the lack of regulatory clarity in the sector.
Recently, the SEC once again delayed its decision on the ETF proposals submitted by BitWise Asset Management and VanEck/SolidX. The watchdog is now expected to either approve or disapprove the applications by May 16.