The U.S. Securities and Exchange Commission (SEC) is struggling to recruit and retain crypto experts due to internal hiring restrictions, according to a new report from the agency’s Inspector General.
The statement comes at a time when the SEC is highly focused on reigning in the blockchain industry, which its chairman Gary Gensler has described as “largely non-compliant.”
Experts Won’t Sell Their Crypto
Per the Inspector General’s Statement on the SEC’s Management and Performance Challenges on Thursday, the SEC “faces challenges in recruiting specialists in crypto assets” for investigation and enforcement purposes.
The SEC has launched over 50 enforcement actions against crypto industry firms this year, including global crypto exchange giants like Coinbase and Binance.
Its disputes usually surround companies listing or issuing so-called “crypto asset securities” without proper registration. This often leads to drawn-out lawsuits dissecting the letter of the law abo
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