US SEC asks Crypto Specialist Lawyer Advisor to develop Crypto Securities Plan

The US Securities and Exchange Commission (SEC) is looking for a consultant in the field of crypto-specialist lawyers for its Trading and Markets (TM) division. The new vacancy was posted on March 29 on the official employment portal of the government, USAJobs.

The successful candidate is said to be instructed to "prepare a comprehensive plan to address crypto and digital asset effects" in coordination with TM staff and members of other SEC offices and divisions.

The new recruitment is expected to develop and maintain knowledge of the industry in the field of crypto and digital asset values ​​and related products, and to act as the contact point of the division for national and global regulatory authorities, market participants and the general public.

Other crucial responsibilities are said to be: "applying knowledge of federal securities laws to digital asset securities and crypto matters, ie broker-dealer, exchange, clearing and transfer registrations, exchange of product applications, sales and trade practices, etc. "

The new contract will be further charged with holding regular meetings with TM and other agency staff to promote open communication and a shared understanding of key issues, as well as to keep departments informed of relevant developments in industry, legislation and policy.

With a future salary of $ 144,850- $ 238,787 per year for a full-time role (starting with a two-year trial period), applicants must meet certain conditions to be eligible to apply for the position.

These include holding a Juris Doctor (J.D.) or Bachelor of Laws (LL.B.) diploma, as well as an active member of the Federal Order of Lawyers with a good reputation.

Applicants must also provide proof of four years post-J.D. Experience as a practicing lawyer, of which three years should have included the interpretation and application of securities industry laws, in particular the Securities Exchange Act of 1934.

They are also asked to indicate that they have "provided guidance and expertise in evaluating legal and policy issues, addressing securities law issues that often lack clearly applicable precedents due to the novelty of the issues, analyzing factual and legal aspects "

As reported, the SEC took its first steps toward attracting new talent specifically tasked with clarifying crypto-regulatory matters with its 2018 lease from Valerie Szczepanik – commonly known as the "Crypto Tsar" of the SEC.

In her role as associate director of the SEC division of Corporation Finance – as well as her senior adviser for Digital Assets and Innovation – Szczepanik indicated in March that assets in the fast-growing stablecoin sector could face problems under existing securities laws.

Several crypto company figures and legislators have repeatedly called on the SEC to create more clarity in the rules for the interaction between blockchain-based tokens and securities laws.

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