The United States finance regulator, the Securities and Exchange Commission (SEC), is hiring a dedicated staff member to provide expertise on cryptocurrency, a job application that originally appeared on April 5 confirms.
The SEC, which continues to iron out policy regarding U.S. domestic treatment of cryptocurrency tokens, will pay up to $239,000 per year for its Crypto Specialist, who will serve various consulting roles.
“The Crypto Specialist provides expertise and coordinates TM activities regarding crypto and digital asset securities,” a summary of the position reads. The summary continues:
“Duties include coordination with Division staff to establish a comprehensive plan to address crypto and digital asset securities; engage with other Divisions and Offices on such matters; serve as the Division's point of contact for domestic and international regulators, market participants, and the public; provide expert level comment on policy and workstreams.”
As Cointelegraph continues to report, market participants are keen to see how the current patchwork regulatory environment evolves.
The SEC is devoting considerable energy to ensuring tokens and their issuers abide by extant securities laws, targeting businesses with legal processes to ensure compliance.
At the same time, slow progress has been made with applications to bring crypto products to market, specifically bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs), which remain under scrutiny.
The status quo has even seen leverage by politicians, with one presidential hopeful, Andrew Yang, releasing a dedicated policy statement this month in which he promises to overhaul U.S. cryptocurrency law.