Saturday, June 25, 2022
HomeCrypto NewsGary Gensler, Chairman of the SEC, Adds Crypto Adviser To Executive Staff

Gary Gensler, Chairman of the SEC, Adds Crypto Adviser To Executive Staff

The U.S. Securities and Exchange Commission has added several advisers to Chairman Gary Gensler’s executive team. Corey Frayer is one of them, and he advises Gensler about “SEC policymaking” and interagency work relating the oversight of crypto assets.

SEC has a new advisor for oversight of crypto assets
Thursday’s announcement by the U.S. Securities and Exchange Commission was made. It included the appointment of Corey Frayer and Phil Havenstein to the executive staff of Chairman Gary Gensler. Details:

Corey Frayer advises Chair Gensler regarding SEC policymaking, interagency work and the oversight of crypto assets.

Frayer was a senior professional staff member on the U.S. Senate Committee on Banking, Housing, and Urban Affairs. He served as Chairman Sherrod brown’s top adviser before joining the SEC. A decade later, he was a senior advisor to Rep. Maxine Wassers of the House Financial Services Committee as well as Rep. Brad Miller from North Carolina.

Gensler’s adviser on agency administration, operations and management is Havenstein. Songer advises him in matters relating to investment companies, investment advisers, and management. Tenreiro advises him in matters involving the Division of Enforcement.

Gensler called in December for greater investor protection in crypto markets. Gensler stated that “this asset class is rife in fraud, scams and abuse in some applications.” Investors are often unable to obtain accurate, balanced and complete information about tokens, trading or lending platforms in many cases.

Gensler has authorized some bitcoin futures exchange traded funds (ETFs) by the SEC. The commission has yet to approve any spot bitcoin ETFs. U.S. Reps. Tom Emmer, Darren Soto and Darren Soto wrote to Gensler in November asking the SEC for the approval of spot bitcoin ETFs.

This story contains tags

Corey Frayer is a crypto Advisor. Crypto regulation, Crypto advisors, Cryptocurrency legislation, executive staff, Gary Gensler. Investor protection, market manipulation, SEC chairman Gary Gensler

What do you think about Gensler’s new crypto advisor being added by the SEC? Leave your comments below.

Kevin Helms

Kevin, a student of Austrian Economics and evangelist since then. His interests include Bitcoin security, open source systems, network effects, and the intersection of cryptography and economics.

Image Credits: Shutterstock. Pixabay. Wiki Commons.

Disclaimer: This article is intended for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com is not a provider of investment, tax, legal or accounting advice. The author and the company are not responsible for any loss or damage caused or alleged caused by the use or reliance of any content, goods, or services in this article.

Read More

Henry Hicks
Henry Hickshttps://nonfungibletalk.com
NFT and Crypto Enthusiast. Loves Travelling and Exploring the Metaverse!
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!

Please enter your name here

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

Most Popular