SEC Recruits More Staff to ‘Investigate’ Crypto Asset Securities

Over the past year, U.S. regulators have put pressure on the crypto space, more so after the FTX debacle and the collapse of Silicon Valley banks.


Now, according to job postings on the official U.S. government job site, the U.S. Securities and Exchange Commission (SEC) is hiring an attorney general in New York; San Francisco, California; and the Crypto Assets and Cyber ​​Division of Law Enforcement in Washington, D.C.

Part of the mandate will include conducting “complex, fast-paced investigations” related to cryptoasset securities and cyber issues. Additional duties include drafting subpoenas or document requests, interviewing witnesses, evaluating evidence, and more.

Salaries for the position of Attorney General range from $140,830 to $259,590 per year.

The announcement came shortly after President Gary Gensler asked Congress for nearly $2.4 billion in funding to combat cryptocurrency “misconduct” on March 29.

Meanwhile, local regulators plan to impose new taxes on the industry, leading some in the industry to wonder whether those taxes and other regulations are stifling the industry and stifling innovation.

Most recently, cryptocurrency exchange Beax shut down after the SEC filed multiple charges against the company’s founder. Japan-based Sushi DAO also faces a subpoena from the SEC.

However, not everyone in regulatory positions agrees with the SEC’s approach. Representative Tom Emmer called Gensler a “well-informed regulator” and questioned his approach to industry regulation.


As reported by Cointelegraph

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