FINRA plans to hire dismissed employees from crypto companies

FINRA plans to hire dismissed employees from crypto companies

The United States Financial Industry Regulatory Authority (FINRA) reportedly plans to “intensify” its capacity to monitor crypto.

According to a Returs report shared on Tuesday, FINRA chief Robert Cook is encouraging crypto workers, who are in danger of losing their jobs, to reach out to financial regulator as part of efforts to raise industry-related resources. did. Major crypto exchanges in the US, including Coinbase and Gemini, have announced plans to cut staff in the current period of extreme market volatility, resulting in thousands of layoffs.

“We should already be involved with the industry, and as a result, we think it’s appropriate to expand my skills in this area,” Cook said. Anyone who has been laid off from any crypto platform and wants to work for FINRA, contact me.”

According to its website, about 3,600 people currently work for FINRA. Many firms registered with the financial regulator can trade in stock or crypto on behalf of their clients. Cook also noted that FINRA is working on cross-market surveillance on some blockchains, as well as developing digital asset verification techniques.

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Some crypto firms, such as, which is headquartered outside the US, also made statements to reduce the number of employees in the current bear market. CEO Kris Marszalek announced on June 10 that the exchange will lay off 260 of its employees to ensure long-term sustainable growth. had announced. On the other hand, Binance CEO Changpeng Zhao said on Wednesday that the exchange has 2,000 open positions to recruit. announced.

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