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Market News

SEC to Hire Lawyers for Crypto Enforcement Division

The US Security and Exchange Commission is set to hire attorneys to conduct more robust enforcement for the crypto industry.

Written By Pawan Surya
Published April 12, 2023 10:29 AM
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SEC to Hire Lawyers for Crypto Enforcement Division

The fall of many large crypto exchanges and leading banks has caused an uproar in the entire crypto community. To combat this, the US government now wants to enforce proper regulation on all the crypto banks and firms in the U.S for which they are hiring more attorneys.

According to the United States government’s official career portal on April 10, the Security and Exchange Commission is set to hire general attorneys for a crypto enforcement division in New York, Washington, DC and San Francisco, California.

The Division of Enforcement – Crypto Assets and Cyber Unit seeks to hire General Attorneys in New York, NY; San Francisco, CA; and Washington, DC. For more information and to apply, click here: https://t.co/OI6YQk5doI.

— SEC Careers (@SEC_Careers) April 10, 2023

In March the regulator’s Crypto Assets and Cypress Unit (CACU)  was set to acquire additional staff for roughly 20-person. The staffing requirement has doubled in numbers only a few days after the US government started recruiting attorneys for the CACU unit.  

After joining the CACU, attorneys will have responsibilities including “investigating complex, fast-moving investigations”, preparing robust investigative or litigation plans, drafting legal documents including subpoenas or document requests, making depositions and collecting evidence. evaluation and much more.

This job opening is only for US citizens who have passed JD or LLB degree. Applicants have to apply before 17th April. Interestingly, the salary will range from $14,000 to $260,000 per year depending on the location.

Gary Gansler, the Chair of US SEC, requested roughly $2.4 billion fund to investigate crypto “misconduct” on 29 march. 

Also read: Binance Tried to Recruit Gary Gensler as an Advisor: WSJ

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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