US SEC to Hire Lawyers for Crypto Assets and Cyber Unit
In the past year, US regulators have increased their scrutiny on the cryptocurrency industry, particularly after the failures of FTX and Silicon Valley Bank. A job posting on the US government's official careers website shows that the Securities and Exchange Commission (SEC) is looking to hire general attorneys for its Crypto Assets and Cyber Unit in the Division of Enforcement. The positions are available in New York, San Francisco, and Washington D.C.
The SEC is looking to hire general attorneys for its Crypto Assets and Cyber Unit in its Division of Enforcement. This comes after the chair of the SEC, Gary Gensler, asked for 2.4 billion USD to combat crypto misconduct and local regulators proposed new taxes for the industry.
Some insiders are concerned that excessive regulations may stifle innovation in the sector. Beaxy cryptocurrency exchange and Sushi DAO are among companies that have faced charges from the SEC. However, some, like Representative Tom Emmer, have criticized Gensler's regulatory approach. Nevertheless, it seems that more countries are increasing the strictness of their crypto rules.
Sources:
https://cointelegraph.com/news/us-sec-seeks-to-expand-its-crypto-assets-and-cyber-unit
https://www.sec.gov/news/press-release/2022-78
https://www.law360.com/articles/1595873/help-wanted-sec-seeks-crypto-cyber-enforcement-attys-
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