Gensler taps Senate aide to advise on crypto oversight


 The Securities and Exchange Commission (SEC) announced Thursday that senior Senate aide Corey Frayer will serve as a senior advisor on crypto-related issues.

In a Thursday press release, the US securities regulator framed Frayer's work as focused on "SEC policymaking and interagency work relating to the oversight of crypto assets." Bloomberg reported earlier this month that Frayer had been tapped for the role. 

Before joining the SEC, Frayer worked as a senior staffer on the Senate Committee on Banking, Housing, and Urban Affairs under Sen. Sherrod Brown. Prior to that, he served as a senior advisor to Rep. Maxine Waters on the House Financial Services Committee. 

“Corey, Phil, Jenny, and Jorge have exceptional experience,” Gensler said in a short statement. “I’ve already begun to rely on their valuable counsel on policy, enforcement, and agency operations, and I look forward to our continued work together to execute the SEC’s mission.”

Gensler took office in April and has since sought to establish crypto and digital assets as a high-profile regulatory area for the SEC. In September, he said that he wanted to bring crypto "into the public policy framework."

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

5 Steps to a Successful Crypto AML Program

As cryptocurrencies become increasingly mainstream, regulators, the media and policymakers are paying more attention to the financial crime risks associated with them. But what are the biggest compliance challenges crypto firms face, and what does a best practice AML program look like? 
Read Full Story
Sponsored Post

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC

The TRON Ecosystem Thrives Amidst Market Chaos

TRON DAO has announced the launch of a $10 million incentive fund in light of recent events to support Terra developers migrating to the TRON ecosystem, including TRON’s EVM compatible cross-chain solution BitTorrent Chain (BTTC), which helps facilitate the seamless transfer of assets across mainstream public chains, including TRON, Ethereum, and BNB Chain. 
Read Full Story
Sponsored Post