TheCorporateCounsel.net

Corp Fin apparently isn’t the only SEC division that’s on a hiring spree.  According to a recent CoinDesk article, the Division of Enforcement is also looking to add attorneys to its crypto & cyber enforcement team:

The U.S. Securities and Exchange Commission is hiring general attorneys for its crypto enforcement division in New York, Washington, D.C., and San Francisco, according to a job posting. The call for attorneys to join the regulator’s Crypto Asset and Cyber Unit, or CACU, comes after the agency said in March that it was “planning to add additional staff” to the unit, which was initially meant to be a 20-person operation but has since doubled in size.

Under Chairman Gary Gensler, the SEC has been cracking down on the crypto industry with renewed vigor since the 2022 market turmoil saw the collapse of big firms in the sector, crypto exchange FTX among them.

The attorneys joining the CACU are expected to conduct investigations involving “crypto asset securities,” develop litigation plans, draft legal documents including subpoenas and conduct depositions. The CACU “exercises the full range of the Division’s investigative and law enforcement powers, and focuses on violations of the federal securities laws,” the job posting said.

If you want to lob your resume in for one of these positions, you’ve got until April 17th. You can certainly see why the SEC is looking to add staff here. In recent testimony before Congress, SEC Chair Gary Gensler said that the agency’s ability to investigate the crypto industry is “stretched thin” – and in April alone, the agency added contested enforcement actions against Beaxy Digital and Terraform Labs to its already busy crypto docket.

– John Jenkins