SEC wants to hire crypto experts, but job candidates won’t sell their holdings
Nov. 6, 2023
By Mike Dalton
The U.S. Security and Exchange Commission (SEC) is facing challenges in recruiting cryptocurrency experts, a problem partly attributed to its own policies, as highlighted in a recent agency document.
That document, published in October and modified Nov. 2, is titled The Inspector General’s Statement on the SEC’s Management and Performance Challenges.
It indicates that the agency is having difficulties hiring specialists in the area of crypto assets. Officials within the SEC report that there is a small candidate pool and strong competition from the private sector, limiting the agency’s ability to hire crypto experts.
The SEC’s own policies, which restrict some employees from owning crypto, additionally prevent potential candidates from being hired. One section reads:
“… Many qualified candidates hold crypto assets, which the Office of the Ethics Counsel has determined would prohibit them from working on particular matters affecting or involving crypto assets … candidates are often unwilling to divest their crypto assets to work for the SEC.”
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