SEC faces hiring challenges due to experts not wanting to sell their crypto
The U.S. SEC faces recruitment challenges and legal uncertainties as it struggles to hire Bitcoin and crypto experts that are willing to sell their crypto assets. The Securities and Exchange Commission (SEC), the agency that makes rules for financial markets, is struggling to hire experts in cryptocurrencies because of a tricky situation: A lot of the qualified people own crypto themselves. JUST IN: SEC is having trouble hiring #Bitcoin and crypto experts , because of a rule that they must sell their assets. pic.twitter.com/OW1qtW3rXa — Bitcoin Magazine (@BitcoinMagazine) November 6, 2023 The SEC’s ethics rules say that owning these digital assets can prevent these experts from working on crypto-related cases, to avoid any conflict of interest. Because of this rule, many do not want to sell their cryptocurrencies to work for the SEC. This problem is part of a bigger challenge for the SEC. They’re trying to keep up with the fast growth of the crypto world is t...