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SEC Looking to Hire Crypto Lawyers

April 02, 2019 12:42
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The Securities and Exchange Commission (SEC) is looking to hire a lawyer with crypto expertise. The news came to light following the job opening posted on  USAjobs.gov, a few days ago.

The job titled Attorney Advisor stated that the position was for Division of Trading and Market’s activities regarding crypto and digital asset securities. Outlining some of the responsibilities coming with the job, the post said, “Coordinating with TM staff to establish a comprehensive plan to address crypto and digital asset securities and engaging with other Divisions and Offices on such matters, 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; Serving as the Division?s lead representative in the SEC’s FinTech Working Group and as liaison with the FSOC’s Digital Assets Working Group,” among others.

The person applying for the job must have the basic law degree, LLB and an active member of the bar in “good standing”.

There is a lot of criteria listed for a person applying for this position. No wonder, that the remuneration for the position is a cool $144,850 to $238,787 per year, when the average US salary is somewhere close to $56,000.

This comes as silver lining, among all the news about crypto companies laying off their employees due to the downward trend of the market. Last month, NEM Foundation, the parent organizations behind 18th largest cryptocurrency, was almost on the verge of collapse. The foundation was planning layoffs and organizational restructuring to survive.

At the time, NEM Foundation’s recently elected new President Alex Tinsman had said, “Basically we realized we had a month to operate, due to the mismanagement of the previous governance council.”

In order to save the sinking ship of NEM Foundation its new president Tinsman had announced layoffs, reduction in marketing activities and other cost-cutting measures. The number of layoffs would be determined based on how much funding is approved by the community, but one thing has been announced already by Tinsman: reduction in marketing activities.

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