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Fortune
Fortune
Ben Weiss

The SEC is struggling to hire crypto experts—partly because the agency’s employees can’t own cryptocurrency

(Credit: Tom Williams—CQ-Roll Call via Getty Images)

The Securities and Exchange Commission, one of the major federal regulators looking to rein in the crypto industry, is having trouble hiring crypto experts, according to a new report from the agency's inspector general.

Most federal agencies have an Office of Inspector General, or independent authority that reviews and oversees the operations of, say, the Federal Trade Commission or the Social Security Administration. On Thursday, the SEC's division published a report on the financial regulator's "management and performance challenges" in October.

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