Regulators in the U.S. continue to strengthen pressures on the crypto industry, especially following the collapse of FTX and the Silicon Valley Bank failure.
Now, according to a job advertisement on the official web site of the U.S. government careers, the Securities and Exchange Commission (SEC) is seeking to hire senior attorneys in New York, San Francisco, and Washington for its crypto assets and cyber unit in the Enforcement Division.
Part of the job duties will include conducting ‘complex, fast-paced investigations’ involving crypto asset securities and cyber issues. Other duties include drafting subpoenas or document requests, interviewing witnesses through conversations, evaluating evidence, and much more.
Salaries for senior attorney positions range from 140,830 to 259,590 dollars annually.
The announcement comes shortly after Chairman Gary Gensler requested nearly 2.4 billion dollars in funding to combat crypto ‘misconduct’ on March 29.
Meanwhile, local regulators plan to introduce new taxes aimed at the industry, leading some industry insiders to question whether these and other laws will ‘stifle’ the sector and hinder innovation.
Recently, the crypto exchange Beaxy shut down after the SEC filed multiple charges against the company’s founder. Japanese Sushi DAO is also facing a subpoena from the SEC.
However, not everyone in regulatory positions agrees with the SEC’s approach. Congressman Tom Emmer called Gensler a ‘bad faith regulator’ and questioned his methods of overseeing the industry.
