The announcement was published on March 29th and is open to all US citizens. The place of employment will be Washington and the contract of employment will be permanent with an annual gross salary between 144,850 and 238,787 dollars and a probationary period of two years.
The task will involve providing experience and coordinating the division that deals with trading activities and the digital asset market.
The crypto specialist will coordinate with the staff of the Division of Trading and Markets to develop a comprehensive plan for analysing encrypted and digital investment securities. As well as serving as the division’s point of contact with national and international regulators, market players and the public.
He/she will also need to be familiar with the applications of the federal laws on digital equities and cryptocurrencies, and in particular with regard to intermediaries, distributors, clearinghouses, exchanges, business and sales practices.
At the same time, he/she will serve as the division’s principal representative in the SEC’s FinTech working group, and as a liaison with the FSOC‘s Digital Assets working group, as well as interacting with the division’s own staff, the President’s office and the Commissioner’s offices.
With this figure, the SEC is showing its willingness to seriously deepen the crypto sector, probably not by hindering it but by regulating it. It is not known, however, what the role of such a figure could be in the difficult analysis of ETF approval applications on bitcoin, but it is to be expected that the experience and expertise that the SEC is currently seeking will also serve this purpose.
In 2018 in fact, the SEC was not able to make a final decision on the matter, but it is expected to do so in 2019.