SEC Looking for Crypto Specialist Attorney Advisor to Help Create Plan for Crypto Securities
The U.S. Securities and Exchange Commission (SEC) is poised to hire a cryptocurrency specialist attorney advisor for its Division of Trading and Markets. The new job posting was published on USAJobs, the official government employment portal, on March 29th.
Among the responsibilities for the job, which appear to be fairly hands-on, are:
- Providing expert level comment on policy and workstreams.
- Developing and maintaining expert-level industry knowledge of crypto and digital asset securities and products, as well as legal and policy developments occurring in domestic and foreign jurisdictions;
- Applying knowledge of federal securities laws to digital asset securities and crypto matters, i.e., broker-dealer, exchange, clearing agency and transfer registrations, exchange product applications, sales and trading practices, etc.
But most importantly, the candidate who gets the job will work to “establish a comprehensive plan to address crypto and digital asset securities and engaging with other Divisions and Offices on such matters.” Creating legal framework surrounding cryptocurrencies is perhaps one of the SEC’s most important tasks currently, and it is clear this advisor would assist in that process.
The salary range listed is $144,850-$238,787 per year for the full-time role, which will begin a two-year trial period. Applicants must also hold certain qualifications to be considered for the position, including holding a Juris Doctor (JD) or Bachelor of Laws (LL.B.) degree, and being an active member of the Federal Bar Association.
Applicants must also have four years of experience practicing law post-law school, including three years of experience “providing guidance and expertise in the evaluation of legal and policy issues, addressing securities law issues that often lack clearly applicable precedents due to the novelty of the issues, analyzing the factual and legal issues involved.”
In June of last year, the SEC hired Valerie Szczepanik, known as their “Crypto Czar,” in an effort to build out a talent pool that could address pressing crypto regulation issues.