Crypto Experts Are Refusing to Work for US SEC, The Reason Will Surprise You

The US SEC outlined its recruitment in regulating the crypto space as experts says they cannot give up their crypto holdings

The US SEC has made a negative impression on the public as several crypto experts have turned down offers to work with the regulator.

Crypto Vacancies at the US SEC Remain Unfilled

Markedly, the U.S. SEC currently has some Crypto Assets Specialist vacant positions in its office but it has needed some help in filling these vacancies.

According to the “2023 SEC OIG Management and Performance Challenges” report, as of September 30, 2023, a total of 491 out of the 5,303 authorized positions in the SEC’s office were yet to be filled. Unsurprisingly, this has been a trend with the regulator in the last four years as the vacancy rate has continually increased.

Following the discovery of some gaps in the regulation of crypto activities in the U.S., as reported by the Financial Stability Oversight Council (FSOC) and the Government Accountability Office (GAO), filling these current openings at the SEC are now part of the regulator’s plans for the next fiscal year.

The core offices of interest to the SEC are the Division of Examination, Trading and Markets, and Enforcement. The U.S. SEC wishes to fill these positions to address critical and evolving risks associated with crypto assets. Also, the Office of the General Counsel and the Office of International Affairs are looking to recruit experts whose focus will be mainly on crypto regulations and policy matters.