SEC Can’t Find Crypto Policemen Due To This Pesky Rule
The U.S. Securities and Exchange Commission’s Office of the Inspector General highlighted significant challenges faced by the agency in recruiting experts in the field of cryptocurrencies. Due to ethical rules that prohibit staff from holding investments in the areas it regulates, the SEC struggles to hire qualified professionals who are often unwilling to sell their personal crypto assets. This issue emerged amid a wider context of the SEC’s efforts to strengthen its capabilities to oversee the rapidly growing and evolving crypto-asset markets. The ethical prohibition has been cited as a nota…