The U.S. Securities and Exchange Commission (SEC) has added numerous advisers to Chairman Gary Gensler’s govt employees. Among them is Corey Frayer, who advises Gensler on “SEC policymaking and interagency work relating to the oversight of crypto assets.”
SEC Has New Adviser for the Oversight of Crypto Assets
The U.S. Securities and Exchange Commission (SEC) introduced Thursday the appointments of Corey Frayer, Phil Havenstein, Jennifer Songer, and Jorge Tenreiro to Chairman Gary Gensler’s govt employees. The announcement particulars:
Corey Frayer advises Chair Gensler on SEC policymaking and interagency work relating to the oversight of crypto belongings.
Before becoming a member of the SEC, Frayer served as senior skilled employees on the U.S. Senate Committee on Banking, Housing, and Urban Affairs for Chairman Sherrod Brown. He additionally spent a decade as a senior adviser for Rep. Maxine Waters on the House Financial Services Committee and Rep. Brad Miller of North Carolina.
Havenstein serves as an adviser to Gensler on issues associated to company administration, operations, and administration. Songer counsels him on issues associated to funding corporations and funding advisers whereas Tenreiro counsels him on issues involving the Division of Enforcement.
In December, Gensler known as for extra investor safety in crypto markets. “This asset class is rife with fraud, scams, and abuse in certain applications,” he mentioned. “In many cases, investors aren’t able to get rigorous, balanced, and complete information on tokens or trading and lending platforms.”
The SEC, beneath Gensler, has authorised some bitcoin futures exchange-traded funds (ETFs). However, the fee has not authorised any spot bitcoin ETFs. In November, U.S. Reps. Tom Emmer and Darren Soto despatched a letter to Gensler urging the SEC to allow the buying and selling of spot bitcoin ETFs.
What do you consider the SEC including a crypto adviser to Gensler’s govt employees? Let us know within the feedback part under.
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