The SEC Struggles to Recruit Crypto Experts, Report Says

[bbc.reporter]

Karma is a bitch.  

SEC is the reason for many FUD on crypto which every crypto holders is affected. I doubt that someone in crypto industry will help this department that main goal is to suppress anonymity of crypto.

They should just invest on training someone to become crypto expert rather than hire from crypto community that despise them badly.

This is not karma. There is a requirement that before they can be hired, they should dump all of their cryptocoins and tokens. Why would anyone who has invested in the cryptospace do this? It would be something similar as becoming a traitor to the community hehehe. Also, it might be earning lesser than holding the right coins.

LOL, but yeah, it has nothing to do with Karma, but maybe @Eternad is just sarcastic when he says that SEC is getting what they deserved for now. I mean they have been the bane of crypto enthusiast and most of the time, we think that they are really anti-crypto or having a hard stance.

Nevertheless, it seems that this just just a hurdle, who knows, maybe the pay rate is really that good that someone will take a bite on this job.

We all know that in the US there is also a problem with people not having a job and obviously, it's hard for them. But if they see fit in this role then why not?

The pay rate might be good, however, what type of crypto experts would be attracted to work for the government? We have witnessed much of the experts in the cryptospace are scammers, some of the founders of many projects are not really experts and the investors who do their research invest in them only for their future potential not for what they presently are.

That will be the biggest question on how they will define what "crypto experts" means, maybe here in our community or any other crypto community, they might have a different meaning for them. And even up to this day, we could have been debating the meaning of that and because it encompass a broader subject. Could be in terms of laws, or they could be looking as somewhat we can see a possible crypto scams and others.

So it's a very broad subject and maybe that's why they have a hard time finding the right now and there is actually no real experts in this field as it is generally fairly young. So they will have to set everything by precedent and it could be some mistakes by this so called experts as far as decision making is.

Also, the real experts in the cryptospace are very idealistic and they would never change their ideals to work for the politicians who want to take freedom away from the people. Was it not disruption of traditional finance was what inspired everyone to join the community and adopt the cryptospace?

What would you reckon if Dan Larimer applied and took this job? I would reckon the enemies of his projects will be cracked down hehehehe.

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[pawel7777]

What exactly do these qualified experts do? Giving them suggestions on how to make the laws more strict or help them recover locked crypto assets? As far as I can tell, there doesn't seem to be a concise definition of this position. If it is related to their legal case, can't they just hire more lawyers/prosecutors and ask them to learn about crypto?

They need experts who can explain to them how different cryptos work in plain terms to help them in producing new legislations/interpretations and to assess whether certain crypto-assets fall under the definition of "security".
They cannot just force random staff to just become crypto-experts. We're not talking about a basic understanding of the subject, but someone who has a thorough understanding of it.

The problem is there are no academic degrees in crypto that would make someone an expert (there are some certificates, but they're not good enough), so they'd have to recruit from the crypto industry, so from entities that SEC has heavily antagonised over the recent years, and all of such people would not really be independent and have a conflict of interest (by the usual definitions of it).

[pinggoki]

Hahaha after losing a lot from company like Ripple and Binance in court they currently hiring the experts, Hope they found one  . But I dont know there will be experts who want to join the SEC, like poker player said it will be less attractive 

The reason's probably the pay is bad and those crypto experts that they're trying to recruit are hardline anti-government if not against just the financial institutions, those people probably can't betray their principles to be a dog of the regulatory board and these crypto experts are probably rich already that they aren't worried about the pay as I have mentioned before. Or it could be the SEC is just to strict with their requirements that they can't find the people that fits the requirements. I also have to assume that when you work at SEC, your assets and your stuff will be all accounted for so that's a possibility why they can't get any crypto experts. Regarding what OP said about training crypto experts, it's really difficult to do that if you don't have any crypto experts to train those new people or potential crypto experts, they are looking for one because they don't have one.

[dansus021]

The reason's probably the pay is bad and those crypto experts that they're trying to recruit are hardline anti-government if not against just the financial institutions, those people probably can't betray their principles to be a dog of the regulatory board and these crypto experts are probably rich already that they aren't worried about the pay as I have mentioned before. Or it could be the SEC is just to strict with their requirements that they can't find the people that fits the requirements. I also have to assume that when you work at SEC, your assets and your stuff will be all accounted for so that's a possibility why they can't get any crypto experts. Regarding what OP said about training crypto experts, it's really difficult to do that if you don't have any crypto experts to train those new people or potential crypto experts, they are looking for one because they don't have one.

Yeah that might one of the reasons too but after joining the SEC team he should have no crypto in wallet that the most insane thing I mean you work in cryptospace but without crypto in it. Is like a plain job I dont know that would be interested or not.

[tread93]

Is it good news though? I mean I feel like in order to move forward with beneficial regulation it would be really great to have a very wise crypto figure to take that spot to help guide the SEC to the most beneficial regulations that promotes liberty and prosperity! Its the dumbest thing ever. Owning something is a human right, you can't tell someone that they can't own Bitcoin when everything that they do profesisonally relates to it! That would drive a man insane.

[pawel7777]

Is it good news though? I mean I feel like in order to move forward with beneficial regulation it would be really great to have a very wise crypto figure to take that spot to help guide the SEC to the most beneficial regulations that promotes liberty and prosperity! Its the dumbest thing ever. Owning something is a human right, you can't tell someone that they can't own Bitcoin when everything that they do profesisonally relates to it! That would drive a man insane.

Hard to say if it's good or bad. I agree that it's probably not good news, as they won't be moving forward without access to proper expertise. But then again, them "moving forward" could mean more strict regulations, so who knows?
I don't think this would affect Bitcoin though, it's probably more about coins/tokens with more complex blockchains and utility.

There's also a risk that, being unable to recruit proper experts, they will take on board whoever's available, creating a risk of some stupid, unreasonable decisions/interpretations.