According to new job listing published on USAJobs, the official government employment portal, the US federal government agency the United States Securities and Exchange Commission (SEC) is currently looking to appoint a Crypto specialist attorney advisor for its Division of Trading and Markets (TM). As per the announcement, the successful candidate will be tasked with establishing a comprehensive plan to address crypto and digital asset securities in coordination with TM staff and members of other SEC offices and divisions.
Moreover, the new appointment of a Crypto specialist attorney advisor would be expected to build and maintain expert-level industry knowledge of Crypto and digital asset securities, in addition to related products, and to serve as the division’s point of contact for domestic and global regulators, market participants and the wider public. The Crypto specialist attorney advisor also will accountable of applying knowledge of federal securities laws to digital asset securities and crypto matters, that is broker-dealer, clearing agency and transfer registrations, exchange, exchange product applications, sales, and trading practices, and so on. It will further be tasked with conducting regular meetings with TM and other agency staff to cultivate open communication and a shared understanding of core issues, on top of keeping departments abreast of relevant industry, legal and policy developments. For this role, applicants must fulfill the certain criteria to be eligible to apply for the post; it includes holding a Juris Doctor (J.D.) or Bachelor of Laws (LL.B.) degree, in addition to being an active member of the Federal Bar Association in good standing.
As part of the announcement, applicants must also make obvious evidence of 4 years of post J.D. experience as a practicing attorney, 3 years of which should have included interpreting and applying laws governing the securities industry, especially, the Securities Exchange Act of 1934. According to the report, the SEC already took its first steps, in June last year, toward leveraging new talent specifically tasked with clarifying Crypto regulatory matters with the hire of Valerie Szczepanik, colloquially known as the SEC’s Crypto Czar.