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The US Securities and Exchange Commission (SEC) has added multiple advisors to the executive staff of Chairman Gary Gensler. This includes Corey Frayer, who advises Gensler on “SEC policy development and inter-agency work related to the regulation of crypto assets.”
SEC appoints a new crypto asset regulator
The US Securities and Exchange Commission (SEC) announced on Thursday the appointment of Corey Frayer, Phil Havenstein, Jennifer Songer and Jorge Tenreiro as executives to Chairman Gary Gensler. Announcement details:
Corey Frayer advises Gensler Chairman on SEC policy formulation and inter-agency work related to the regulation of encrypted assets.
Before joining the SEC, Frayer served as a senior professional for Sherrod Brown, Chairman of the Banking, Housing, and Urban Affairs Committee of the U.S. Senate. He also served as a senior advisor to Rep. Maxine Waters of the House Financial Services Committee and Rep. Brad Miller of North Carolina for ten years.
Havenstein serves as a consultant to Gensler, handling matters related to the administration, operation and management of the organization. Songer advises him on matters related to investment companies and investment consultants, while Tenreiro advises him on matters involving law enforcement agencies.
In December, Gensler called More investor protection In the crypto market. “This asset class is rife with fraud, scams and abuse in certain applications,” he said. “In many cases, investors cannot obtain strict, balanced and complete information about tokens or trading and lending platforms.”
Under Gensler’s leadership, the SEC has approved some Bitcoin futures exchange-traded funds (ETFs). However, the committee has not yet approved any spot Bitcoin ETF. In November, U.S. Representatives Tom Emmer and Darren Soto wrote to Gensler urging the SEC Allow transaction Spot Bitcoin ETF.
What do you think of the SEC adding a cryptocurrency advisor to Gensler’s executive staff? Please let us know in the comments section below.
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