FINRA invited laid-off employees of crypto companies to work
The head of the organization Robert Cook announced this amid a wave of massive cuts in the industry
16.06.2022 - 13:45
380
1 min
0
What’s new? The US Financial Institutions Regulatory Authority (FINRA) has offered laid-off cryptocurrency professionals jobs amid a wave of massive cuts in the industry. According to FINRA CEO Robert Cook, the organization's idea is to increase the number of employees with cryptocurrency expertise. He also noted the need to include the agency in the process of developing and implementing measures to monitor the market for digital assets, Reuters writes.
What else did Cook say? Robert Cook's statement followed a wave of mass layoffs at major cryptocurrency platforms such as Crypto.com, Robinhood, Coinbase, Gemini and BlockFi. Cook added that FINRA is developing methods to verify digital assets and is exploring cross-market surveillance across various blockchains.
FINRA is a privately held US corporation with self-regulatory status, that is, registered with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It oversees compliance with the rules of trading in the over-the-counter (OTC) markets.
On June 2, cryptocurrency exchange Gemini announced its first-ever massive job cuts since the platform's founding in 2014. The company will reduce its headcount by 10%.
On June 14, the head of Coinbase exchange Brian Armstrong announced that the staff will be reduced by about 18%. This decision was made as part of the platform's cost-cutting amid the coming crypto winter on the market.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 897
BTC
+0.92%
-
Ethereum
$3 342.32
ETH
+6.31%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.44
XRP
+29.68%
-
Dogecoin
$0.392079
DOGE
+2.59%
-
Cardano
$0.886681
ADA
+12.51%
-
Bitcoin Cash
$490.73
BCH
-6.1%
-
Stellar XLM
$0.295853
XLM
+24.36%
-
Polkadot
$6.13
DOT
+7.37%
-
Litecoin
$91.71
LTC
+2.17%