The SEC continues its strives in terms of regulating the cryptocurrency space by appointing a new designated senior advisor.
The Securities and Exchange Commission has hired Corey Frayer to advise Chairman Gary Gensler on regulations of cryptocurrencies. Frayer’s previous experience includes operating as a professional staff member of the Senate Banking Committee and policy adviser for the House Financial Services Committee.
The US watchdog has a complicated history with the cryptocurrency space. The appointment of Gary Gensler as Chairman earlier this year was considered by many as a positive step for the industry since he was “Under his command, the Commission finally greenlighted two Bitcoin ETFs earlier this year, even though they are backed by futures contracts, not spot BTC.
Apart from the aforementioned positions that he occupied, Frayer has also spent a decade as a senior advisor “working on issues ranging from consumer and investor protection.”
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