The US Securities and Exchange Commission (SEC) is looking for a legal adviser who is also a “crypto specialist”. This is apparent from a vacancy posted on USAjobs on March 29.
The Division of Trading and Markets (TM), part of the SEC, is looking for a suitable candidate who can help with setting up a securities plan for cryptocurrencies and other digital currencies.
Further duties include the development and application of crypto-related knowledge regarding securities as well as providing legal advice at home and abroad. The candidate would also act as the contact person for supervisors and the public at TM.
The candidate must meet a number of conditions. For example, he must have completed a law study (juris doctor or bachelor of laws) and have at least four years of experience as a lawyer, including three years in interpreting and applying the Securities Exchange Act of 1934.
The position has a trial period of two years and a salary indication between $ 144,850 and $ 238,787 per year.
Last year the SEC took on Valerie Szczepanik as a senior advisor for digital currencies. At the beginning of March the “Crypto Czar” announced that they would go on tour to meet people from the cryptocurrency industry.
SEC Commissioner, Hester “Crypto Mom” Peirce, said in March that the cryptocurrency market must have the space to regulate itself.
Jay Clayton, president of the SEC, confirmed a month ago that ethereum (ETH) and similar cryptocurrencies are not securities under US law.
Two applications for bitcoin exchange-traded funds (ETFs) are currently on the table at the SEC. One from VanEck together with the CBOE and one from Bitwise together with the NYSE. The decisions on both applications have recently been postponed by 45 days.