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Industry experts weigh in on SEC hiring more crypto cops

2022.05.11 17:31

Industry experts weigh in on SEC hiring more crypto cops
Industry experts weigh in on SEC hiring more crypto cops

The United States Securities and Exchange Commission (SEC) is seeking to hire more people to focus on digital assets, raising the number of personnel charged with safeguarding investors in cryptocurrency markets almost twofold.

The SEC’s Cyber Unit, which comprises the Crypto Assets and Cyber team, is expected to hire 20 new people to increase the overall force to 50 dedicated positions, as reported by Cointelegraph on May 3. This development comes as the regulatory body attempts to keep up with the rise in the popularity of virtual assets.

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