The Securities and Exchange Commission [SEC] has ramped up its focus on the digital currency industry and is now looking for a “crypto-specialist” to advise the regulator body on legal issues. As per a public SEC job-posting on USA jobs, the SEC has signaled its concern to the cryptocurrency industry.
According to the listing, the official position is of a permanent “Attorney Advisor” with the financial watchdog. However, the summary of the position highlighted the requirement of pre-requisite knowledge in the cryptocurrency field.
The summary stated:
“The Crypto Specialist provides expertise and coordinates the Division of Trading and Market’s activities regarding crypto and digital asset securities.”
Knowledge about cryptocurrencies and digital assets is of prime importance in this position as the candidate will be responsible for preparing a “comprehensive plan” to address digital assets and its relationship with other divisions within the Federal body. Understanding and working with various stakeholders in the digital assets realm, like brokers, exchanges, and clearing agencies, among others, is a pertinent requirement as well.
Despite the growing concerns over cryptocurrency regulation, the SEC delayed the hearing of the highly anticipated Bitcoin Exchange Traded Fund [ETF] to May 2019. Bitwise Asset Management/NYSE Arce and VanEck/CBOE submitted separate proposals to publicly trade Bitcoin. Additionally, the SEC chairman Jay Clayton suggested that due to the crypto-market’s volatility and ineffectiveness against manipulation, the Bitcoin ETF has not been approved.
Blockchain and cryptocurrency-related jobs have seen a massive rise at the institutional finance and government level. A recent report indicated that JP Morgan outpaced its Wall Street competitors in the blockchain and crypto-job market by posting the most number of job listings for DLT professionals.
The social media powerhouse Facebook is looking to amass essential manpower for its Facebook Coin project by hiring professionals with Blockchain knowledge. While keeping its native-token projects on the down-low, Facebook posted over 20 job-listings for blockchain-related jobs on LinkedIn alone.
Jack Dorsey’s Square Inc. is also on the hunt for crypto-professionals for their cryptocurrency-centric project Square Crypto. Dorsey himself put out a request for crypto-engineers and designers to direct message him with their applications to join Square Crypto, a move that was met with optimistic responses from the Twitter cryptocurrency community.
Lastly, Indeed.com, an online job-portal, saw a massive 90 percent hike in the number of jobs posted with the keyword “blockchain,” “cryptocurrency,” and “Bitcoin” in a one-year period between February 2018 to February 2019.
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