US SEC Unit to Boost Crypto Enforcement Team

04/12 00:38

According to Blockworks, the Securities and Exchange Commissions’ crypto crime department is looking to boost its team with three new legal hires, signaling an intent to crack down further on the industry with enforcement actions. A tweet from the SEC’s official careers handle showed the agency’s Crypto Assets and Cyber Unit is looking to hire general attorneys in New York, San Francisco and Washington, DC. The recruits would be responsible for conducting “fast-moving investigations” in cryptoasset securities and cyber issues, according to a job posting. Other responsibilities include drafting subpoenas, questioning witnesses, evaluating testimonial evidence and preparation of litigation-related documents. Depending on the location, salaries listed for the position range between $140,830 to $259,590. The unit is continuing to hire after a string of enforcement actions against players in the industry in recent months. Nearly a year ago, the size of the same team almost doubled as it planned to grow to a staff of 50. The SEC said the division had brought dozens of cases against people looking to take advantage of crypto investors.
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