In its assessment, the GAO found that although the SEC has a dedicated wing toward emerging technologies, it’s not well equipped to deal with the current challenges and needs specific improvements.
The United States Government Accountability Office (GAO) recommended three key execution plans to the Securities and Exchange Commission (SEC) before its spot Bitcoin (BTC) exchange-traded fund (ETF) approval on Jan. 10.
The recommendations were focused on workforce management for the digital asset market and how the regulator would deal with the nascent industry in the coming years.
The GAO recommendations were put forward to the SEC on Dec. 15 and made public on Jan. 16. The GAO report recommends that the SEC prepare a new workforce plan, document policies, and procedures for its Strategic Hub for Innovation and Financial Technology (FinHub) internal controls, as well as developing performance goals and measures for the hub.
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Source: https://cointelegraph.com/news/us-gao-recommendation-sec-spot-bitcoin-etf-approval-revealed