JAKARTA The US Securities and Exchange Commission (SEC) as the US capital market supervisory agency faces obstacles in recruiting experts in the crypto sector. This is due to the institution's ethical policy which prohibits some of its employees from owning crypto assets.
This was revealed in a SEC document published in October and modified on November 2. The document is entitled The Inspector General's Statement on the Challenges of SEC Management and Performance.
This document highlights some of the challenges that the SEC faces in carrying out its duties, including recruiting crypto specialists. According to the document, the SEC has difficulty finding eligible candidates in the field of crypto assets, as the candidates are somewhat added to the strong competition from the private sector.
Not only that, another factor that complicates recruitment is the SEC's own ethical policy, which prohibits some employees from owning crypto assets. This policy aims to prevent conflicts of interest and maintain institutional integrity. However, this policy has also become a boomerang, making many candidates who have the potential to work at the SEC not want to let go of their crypto assets.
SEE ALSO:
"... Many eligible candidates own crypto assets, which the Ethics Advisory Office has determined will prohibit them from working on certain things that affect or involve crypto assets... candidates often don't want to let go of their crypto assets to work for the SEC," reads one section of the document.
SEC Denies Difficulty Recruiting Crypto Experts
On the other hand, the SEC spokesman denied the issue. The SEC representative stressed that it has a stable recruitment rate, a low employee turnover rate, and the status as "the best place to work in government." The spokesperson also explained various SEC achievements in terms of designing regulations and solving problems.
For your information, the SEC is a major supervisory agency in the crypto sector in the US. Currently, the agency has several ongoing cases against major crypto companies, such as Binance and Coinbase, as well as other companies. The SEC has also quickly resolved several cases, but has also suffered several defeats in court.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)