06.14.22
Wall Street Watchdog to Laid-Off Crypto Employees: Work for Us
by: John McCrank
The Financial Industry Regulatory Authority (FINRA) plans to increase its resources to understand and monitor cryptocurrencies as more of its members trade digital assets, according to FINRA CEO Robert Cook. "We are already having to be engaged in the space and we think that as a result it's appropriate for us to bulk up our capabilities there," Cook said at a trading industry conference. FINRA has several dozen members that have been approved to trade digital asset securities, as well as members who allow customers to access crypto products, and members with registered representatives who have outside business activities around crypto, Cook said. While federal agencies jockey for position to be the primary regulator for digital assets, regardless of the outcome, FINRA will most likely have a role to play, he added. "We're going to need to be engaged and prepared to have the resources to do that, so anybody who is getting laid off from a crypto platform and wants to work for FINRA, give me a call."
Read the full article on Reuters