The US Financial Industry Regulatory Authority (FINRA) can also tap into crypto talent which is currently being pooled from various crypto firms.
The idea was floated by FINRA CEO Robert Cook. Reuters report good.
The publication quoted the regulator as saying it needed to add to its resources as it looks to increase its crypto surveillance amid greater engagement within the space from members of the agency.
,We need to be prepared to be engaged and have the resources to do soCook said, referring to the increase in approvals for companies to trade digital assets.
,So, anyone who is getting kicked out of crypto platforms and wants to work for FINRA, give me a call.,” He added.
Crypto take-off amid bear market wipeout
Amid a heavy sell-off in prices as tough times for the crypto market have impacted crypto firms, many have opted to cut their headcount as part of an effort to remain profitable.
Coinbase announced plans to lay off 18% of its workforce, while BlockFi said it would lay off 20% of its employees. Crypto exchange Gemini and Crypto.com have also moved to reduce their workforce as a result of market conditions.
But not everyone is laying off employees.
The world’s largest crypto exchange by trading volume, Binance, has 2,000 open job positions. Nexo is also hiring, while FTX CEO Sam Bankman-Fried recently said that the firm will continue to judiciously hire more people.
BTC price falls further
In the market, Bitcoin has declined below $21,000, while Ethereum is trading weakly above $1,000. Almost every other crypto asset is deep in the red.