"U.S. regulatory clarity spurs crypto firms to expand hiring"

Source
YM Lee

Summary

  • Said that, with regulatory clarity in the U.S., talent reshoring and hiring expansion in the crypto sector are underway.
  • Stated that July's 'Genius Act' clarified stablecoin regulation, increasing market stability.
  • However, noted that tax uncertainty and political backlash remain, posing investment risks.

The U.S. crypto (cryptocurrency) industry has significantly increased hiring in 2025, reversing years of talent outflows abroad.

On the 30th (local time), Cointelegraph reported that Hugh Norton-Smith, co-founder of crypto recruiting firm Intersection Growth Partners, said, "With regulatory clarity in the U.S., a large-scale reshoring of crypto talent is underway." He explained that just a year ago most U.S. companies were considering alternatives like Dubai or the Cayman Islands, but now hiring within the U.S. accounts for more than 90%.

Behind this change is the 'Genius Act' signed by President Donald Trump in July. The bill set clear standards for stablecoin regulation, providing stability to the market. Marieke Flament, former CEO of the NEAR Foundation and a director of the Mina Foundation, also assessed that "hiring demand in the U.S. has clearly increased."

Norton-Smith pointed out that hiring demand has shifted from developers and regulatory staff to commercial roles such as marketing, business development, and partnerships. He said, "Crypto infrastructure is already built, and now personnel are needed to scale it broadly." According to Crypto Job List, the global average Web3 salary is about $103,000, with the top 10% around $160,000 and the bottom 10% around $18,000.

This year the Trump administration launched a Digital Asset Market working group to foster the crypto market and placed industry-friendly figures in key positions. In particular, Paul Atkins, who newly took office in July as a commissioner of the U.S. Securities and Exchange Commission (SEC), announced 'Project Crypto' to modernize securities regulation, signaling a shift from an enforcement-only approach. Major firms such as Ripple and Coinbase are increasing their U.S. hiring shares, and traditional financial firms like Charles Schwab and Fidelity are even recruiting crypto personnel.

However, tax uncertainty and political backlash remain challenges. At a July U.S. House hearing, concerns were raised on a bipartisan basis that complex crypto tax rules still push innovation overseas. Some members of Congress have also expressed conflict-of-interest concerns, citing President Trump's involvement in family-related projects and meme coins. Democratic Senator Elizabeth Warren criticized, "Regulation should be designed for the public interest, not the industry."

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YM Lee

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