- The US SEC will recruit an additional 20 staff to its Crypto Assets and Cyber team.
- Open positions include investigative staff attorneys, trial lawyers, and fraud analysts.
- Meanwhile, the news did not sit well with the crypto community.
The US Securities and Exchange Commission (SEC) announced that it will recruit up to 20 staff in its Crypto Assets and Cyber team. This means that should the 20 slots be taken, the said division will now have up to 50 experts.
Read CRYPTONEWSLAND on
google news
The job vacancies include investigative staff attorneys, trial lawyers, and fraud analysts. According to the watchdog, this move will bolster its protection of investors from cybersecurity and crypto-related crimes.
SEC Secretary Gary Gensler said:
“By nearly doubling the size of this key unit, the SEC will be better equipped to police wrongdoing in the crypto markets while continuing to identify disclosure and controls issues with respect to cybersecurity.”
However, the news did not sit well with the crypto community, particularly with those that support Ripple. Jeremy Hogan, a lawyer who provides insights regarding the ongoing SEC vs Ripple lawsuit, commented via a tweet.
Specifically, as per Hogan, the SEC needs to provide better clarity regarding “abuse” through regulations. He also questioned why the SEC is not prioritizing the prosecution of fraud against retail crypto investors.
In other news, Ripple has recorded an 8x year-on-year growth in its On-Demand Liquidity (ODL) volume. For those who may not be aware, ODL functions similarly to a cryptocurrency exchange, although it has some technical differences from the latter.
Recommended News :
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
