SEC Chairman Gary Gensler recruits staff to investigate breaches in the crypto industry.
The US Securities and Exchange Commission (SEC) is about to increase the size of its staff to better analyze, investigate, review, investigate and possibly prosecute securities law violations related to crypto firms. Writes about it Forbes.
However, it is not known how many and what positions in the SEC are planned to be opened. The publication noted that in May last year, the regulator was going to hire 20 more employees who were supposed to become part of the crypto assets division. It was assumed that the staff of the department would be up to 50 specialists who would be instructed to “protect investors in the cryptocurrency markets and from cyber threats.”
According to the SEC, the additional staff was to include executives, investigative lawyers, fraud analysts, and forensic advisors who would investigate securities law violations in: cryptocurrency asset offerings, exchanges, lending and betting products; decentralized financial (DeFi) platforms; non-fungible tokens (NFTs), as well as stablecoins.
It is likely that the regulator has again announced the recruitment of additional labor as part of increased supervision of the activities of crypto companies. The regulator has already accused cryptocurrency platform Kraken of illegally offering securities as a staking service. The Securities and Exchange Commission is also hitting international cryptocurrency exchange Binance and threatening to sue Paxos to stop issuing Binance USD (BUSD).
Source: Cryptocurrency
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