US SEC to Ramp Up Crypto Enforcement: Hiring 20 for Crypto Asset and Cyber Unit
The US Securities and Exchange Commission (SEC) plans to almost double its staff for the Crypto Asset and Cyber unit, signaling a significant escalation in regulatory oversight of the digital asset space. In a statement released Tuesday, the agency said it will recruit an extra 20 investigators, lawyers, and fraud analysts to its Crypto Assets and Cyber Unit, expanding the team's capabilities.
The Securities and Exchange Commission (SEC) recently announced that it will be adding 20 positions to its newly renamed Crypto Assets and Cyber Unit, including fraud specialists. This move underscores the SEC's commitment to protecting investors in the increasingly complex world of cryptocurrencies and cybersecurity threats.
As per the announcement, the SEC’s Cyber Unit, which includes the Crypto Assets and Cyber team, will hire 20 new people for 50 dedicated positions. The SEC stated its intention to strengthen its ability to police the digital asset marketplace.
The infusion of 20 additional positions into the Crypto Assets and Cyber Unit will bolster the ranks of its supervisors, investigative staff attorneys, trial counsels, and fraud experts. This expansion will enable the SEC to more effectively investigate and prosecute wrongdoing in the crypto and cyber realms, further safeguarding investors and maintaining market integrity.
What This Means for the Crypto Industry
The SEC hiring spree suggests increased scrutiny and potential enforcement actions are on the horizon for the cryptocurrency industry. Companies operating in this space should ensure they are in full compliance with all applicable securities laws and regulations.
Looking for a Job at the SEC?
If you're a lawyer, investigator, or analyst with expertise in crypto assets or cybersecurity, now is the time to consider a career at the SEC. The agency's expansion presents exciting opportunities for professionals looking to make a difference in this rapidly evolving field. Visit the SEC's website for more information on available positions within the Crypto Assets and Cyber Unit.