BITCOIN, BLOCKCHAIN

U.S. SEC Looks to Hire Legal Specialist to Address Cryptocurrency

According to a recent job posting on USAJobs, the U.S. Securities and Exchange Commission (SEC) intends to hire a new legal specialist to create a “comprehensive plan” to address cryptocurrency.

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The position calls for an individual to have “knowledge of federal securities laws to digital asset securities and crypto matters, i.e., broker-dealer, exchange, clearing agency and transfer registrations, exchange product applications, sales and trading practices, etc.”

The new candidate will also lead the SEC’s FinTech Working Group, as well as, serve as a contact for the Financial Stability Oversight Council’s (FSOC’s) Digital Assets Working Group.

The job posting marks another step by the SEC to tackle current gray areas for the cryptocurrency industry.

Potential applicants must have four years of post J.D. work experience as a practicing attorney.

The role offers a salary between $144,850–$238,787 a year and the closing date for applications is April 12.

Valerie Szczepanik
Valerie Szczepanik

In June, the SEC hired Valerie Szczepanik as the first crypto czar, who serves as the associate director of the Division of Corporation Finance and senior advisor for digital assets and innovation.

Szczepanik’s responsibilities include managing “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 and cryptocurrencies.”

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BLOCKCHAIN

The SEC Names Valerie Szczepanik as First Ever Cryptocurrency Czar

The U.S. Securities and Exchange Commission’s (SEC) has announced Valerie Szczepanik, who previously the agencies blockchain working group, will “coordinate 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 and cryptocurrencies.”

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“I am excited to take on this new role in support of the SEC’s efforts to address digital assets and innovation as it carries out its mission to facilitate capital formation, promote fair, orderly, and efficient markets, and protect investors, particularly Main Street investors,” said Szczepanik in a statement.

The SEC has focused mainly on reducing alleged scams in recent months regarding Initial Coin Offerings (ICO’s).

Jay Clayton

“Val is the right person to coordinate our efforts in this dynamic area that has both promise and risk,” said SEC chairman Jay Clayton.

In May, the SEC released an imitation ICO website, HoweyCoin, which impersonated many similarities with real cryptocurrencies,

The only difference being at checkout, a page appears stating the coin was in fact a scam, serving to let would-be investors know how easy it is to be fooled by these types of swindles.

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