Corey Frayer has worked as a staff member of the Senate Banking Committee still as a senior policy adviser for some members of the House financial Services Committee.
United States Securities and Exchange Commission (SEC) chair gary Gensler has additional a replacement employee who can provide recommendation related to crypto policymaking and interagency work.
In a Thursday announcement, the SEC said Corey Frayer would be joining Gensler’s government employees as a senior consultant on the agency’s oversight of cryptocurrencies. Frayer has worked as an expert employee of the Senate Banking Committee similarly as a senior policy consultant for the House money Services Committee with Representatives Maxine Waters and Brad Miller.
Frayer’s appointment to the SEC chair’s government employees came aboard those of Philipp Havenstein, Jennifer Songer and Jorge Tenreiro, who are operating as operations counsel, investment management counsel and social control counsel, severally. Gensler cited the new employees members’ “valuable counsel on policy, social control and agency operations” in appointing them to the team.
The SEC, the commodity Futures trading Commission and therefore the money Crimes enforcement Network handle digital plus regulation within the united states, however every with completely different territorial claims, leading to a patchwork approach that crypto corporations should navigate to legally operate. Having been confirmed by the U.S. Senate in Apr, Gensler can probably still function chair of the SEC till 2026.
Appointing Frayer to his employees might probably have an effect on Gensler’s public position on crypto-related policy changes. The SEC chair is arguably one among the foremost informed folks on crypto and blockchain technology to ever hold his position but has expressed concerns about exchange-traded funds with exposure to cryptocurrencies like Bitcoin (BTC). He has long urged crypto comes to register with the SEC, specifically saying they should “come in” and work with regulators.
( Turner Wright, Cointelegraph, 2021)