The U.S. Securities and Exchange Commission (SEC) is facing recruiting challenges when it comes to hiring cryptocurrency specialists, according to a recent report (PDF) from the agency’s Office of Inspector General.
Keypoints
- The SEC is facing challenges recruiting cryptocurrency experts due to its own policies requiring new hires to divest their crypto holdings.
- Many qualified candidates own crypto assets which would prohibit them from working on crypto-related matters at the SEC per ethics rules.
- Candidates are often unwilling to sell their crypto assets to work for the SEC, limiting the candidate pool.
- Competition with the private sector for skilled professionals is also a factor, as private sector wages can be substantially higher.
- This recruiting challenge for crypto experts was highlighted in a recent SEC Inspector General’s report on management and performance challenges.
- An SEC spokesperson downplayed the…
