The U.S. Securities and Exchange Commission (SEC), an independent US federal agency, is entering in the digital assets industry, looking to onboard in-house crypto-specialist that will provide expertise on Cryptocurrency. As per the statement, the agency that continues to clear up a policy regarding U.S. domestic treatment of Cryptocurrency tokens will pay up to USD 239,000 per year for its Crypto Specialist, who will serve various consulting roles.
The Crypto Specialist reportedly provides expertise and coordinates TM activities regarding crypto and digital asset securities. The successful candidate is expected to have in-depth knowledge of the federal securities laws and digital securities. For servicing a crypto specialist role, the candidate must have to follow the duties include coordination with Division staff to establish a comprehensive plan to address crypto and digital asset securities; engage with other Divisions and Offices on such matters; serve as the Division’s point of contact for domestic and international regulators, market participants, and the public; provide expert level comment on policy and work streams.
In June last year, the Securities and Exchange Commission named Valerie Szczepanik as a senior adviser for digital assets and innovation, also known as the crypto czar. Szczepanik is charged with coordinating efforts across all SEC Divisions and Offices regarding the application of U.S. securities laws to emerging digital asset technologies and innovations, including initial coin offerings (ICO) and Cryptocurrencies. The SEC is devoting significant energy to ensuring tokens and their issuers stick to existing securities laws, targeting businesses with legal processes to ensure compliance.