Regulations

The U.S SEC is looking for a crypto specialist to offer guidance on virtual currency securities

The United States Securities and Exchange Commission (SEC) has posted a job advertisement with details that it is looking for a crypto specialist to offer guidance on virtual currency securities.

The crypto specialist will offer guidance by helping the Securities and Exchange Commission in formulating an all-round plan regarding virtual currency securities. The SEC advertised the position on USAJobs, a website platform used by the U.S government to post government-related jobs.

According to the SEC’s ad:

The crypto specialist provides expertise and coordinates the Division of Trading and Markets (TM) activities regarding crypto and digital asset securities. [The specialist will] serve as the TM’s point of contact for domestic and international regulators, market participants, and the public. [He will also be responsible for] providing expert level comment on policy and workstreams, etc

Additionally, the crypto specialist will represent the Trading and Markets division on the Securities and Exchange Commission’s financial technology working group. To qualify for this position, the crypto specialist must have practiced as an attorney with 4 years’ experience. The 4 years must include experience working with the Securities and Exchange Act and other laws used in to set standards in the securities sector. The SEC’s ad noted that the position may be held for a trial period of 2 years.

SEC’s move to find a crypto specialist seems to be geared towards providing clear regulatory guidelines around cryptocurrencies in the United States. However, this is not SEC’s first crypto-focused hire. In mid-2018, the Securities and Exchange Commission sort the services of a crypto czar, Valerie Szczepanik.  Szczepanik was tasked with ensuring that the SEC uniformly applies laws on ICOs, cryptos, among other new digital innovations.

Do you think the crypto specialist will help the SEC in expanding or narrowing the list of digital assets affected by securities laws?

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Philip is an experienced blogger keen on staying updated with trends and news surrounding the blockchain and Bitcoin space. With several years of freelance experience in various industries, Philip brings his knowledge and experience into the crypto space.

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