The US CFTC is restructuring its personnel to address encryption regulations, planning to hire up to 100 new employees this year.

PANews reported on June 3rd, citing Politico, that the U.S. Commodity Futures Trading Commission (CFTC) is offering buyout and early retirement packages to some employees. Just as Congress is considering granting the CFTC new powers over the cryptocurrency market, the agency notified some employees late last week that they could express their interest in participating by midnight Tuesday. According to the email, employees who choose to participate could begin administrative leave as early as July 1st and receive full pay and benefits until their official departure date of December 31st. An informed source stated that this move came after CFTC Chairman Michael Selig conducted a lengthy review of the agency's workforce, as the CFTC seeks to restructure its personnel while assuming regulatory responsibilities for prediction markets and emerging financial products such as crypto. The source added that the CFTC expects to hire up to 100 people by the end of the year.

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