Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), has added a new employee who will provide advice related to cryptocurrency policy development and inter-agency work.

In Thursday’s announcement, the SEC Say Corey Frayer will join Gensler’s executive staff as the agency’s senior advisor on cryptocurrency regulation. Frayer served as a professional staff member of the Senate Banking Committee and a senior policy advisor to the House Financial Services Committee, represented by Maxine Waters and Brad Miller.

Frayer was appointed as the executive officer of the chairman of the SEC, along with Philipp Havenstein, Jennifer Songer and Jorge Tenreiro, who will serve as operational advisors, investment management advisors, and law enforcement advisors, respectively. Gensler cited their “valuable advice on policy, law enforcement, and institutional operations” when appointing new employees to join the team.

The United States Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Financial Crimes Enforcement Network deal with digital asset regulation in the United States, but each has different jurisdictional requirements, resulting in crypto companies having to navigate a patchwork method of legal operations.already Confirmed by the U.S. Senate In April, Gensler may continue to serve as SEC chairman until 2026.

The appointment of Frayer as an employee may affect Gensler’s public position on changes in encryption-related policies. The chairman of the US Securities and Exchange Commission is arguably one of the most knowledgeable people in encryption and blockchain technology. Concerned about exchange-traded funds Exposure to cryptocurrencies such as Bitcoin (Bitcoin).He grows Urge to register for encryption projects With the US Securities and Exchange Commission, in particular, they should “come in” and cooperate with regulators.

related: “I believe in encryption very much,” said the former chairman of the US Securities and Exchange Commission

SEC leadership may change in 2022 Elad Roisman (Elad Roisman) Commissioner resigns The term of office of January and Commissioner Allison Lee (Allison Lee) will expire in June. This gives President Joe Biden the opportunity to select financial experts who may have a significant impact on crypto-related policies.