FINRA plans to hire fired crypto employees

What

Wall Street regulator FINRA is calling on sacked crypto workers to send in their CVs

Why 

It wants to perform cross-market surveillance across blockchains and needs experts in the field

What next 

SEC Chair Gary Gensler called for urgent action to protect crypto investors and other market participants 

The story 

The Financial Industry Regulatory Authority (FINRA) is expecting to play a role in policing digital asset markets, and requires resources to do so. Its CEO Robert Cook has encouraged employees recently laid off by crypto companies to call him.

SEC Chair Gary Gensler has also called for urgent action to protect crypto investors and other market participants in a video interview on Tuesday, citing this week’s account lockouts at Celsius.

Last month, the SEC (which oversees FINRA) pledged to boost the headcount of its Crypto Assets and Cyber Unit enforcement division from 30 to 50 dedicated positions.