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SEC Dangles $50K Exit Pay As Crypto Enforcement Team Shrinks

Bitcoinist LogoBitcoinist1d ago

SEC Dangles $50K Exit Pay As Crypto Enforcement Team Shrinks - Bitcoinist

Quick Summary:

The United States’ regulatory body that governs cryptocurrencies is cutting down its workforce, so it asked its employees to resign or take an early retirement in exchange for a $50,000 pay.

However, the document warned that employees who availed of the so-called “voluntary separation incentive” would be compelled to return the payout in full once they decided to return to the SEC within five years.

According to an internal memo obtained by Bloomberg, the US financial regulator is willing to shell out a $50,000 incentive to each employee who will accept what is termed as the “voluntary early retirement” program.

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SEC Dangles $50K Exit Pay As Crypto Enforcement Team Shrinks - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-05 @ 04:00:50 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 490 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26676813

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 9 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "SEC Dangles $50K Exit Pay As Crypto Enforcement Team Shrinks" has 490 words across 27 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "SEC Dangles $50K Exit Pay As Crypto Enforcement Team Shrinks" was covered 1 days ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 9 news stories per day.

It's most recent story was published 8 hours ago.

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  • URL: https://chronographically.beamstart.com/news/sec-dangles-50k-exit-pay-17411668791963

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