THELOGICALINDIAN - Former Senate abettor Corey Frayer will serve as the SECs newest crypto advisor
The U.S. Securities and Exchange Commission has hired a new chief agents memberc to serve as an adviser on cryptocurrency.
Former Senate Aid Frayer Hired by SEC
The SEC appear Thursday that above Senate Aide Corey Frayer had been assassin as a chief adviser on cryptocurrency. Frayer’s role will be to admonish Gensler on SEC policymaking and to accomplish interagency assignment pertaining to crypto asset oversight.
Frayer has ahead formed for the U.S. Senate Committee on Banking, Housing, and Urban Affairs. He additionally formed on assorted issues as a Senior Advisor for the House Financial Services Committee beneath Rep. Maxine Waters.
Frayer will accompany the SEC alongside three added new agents members: Philipp Havenstein as Operations Counsel, Jennifer Songer as Investment Management Counsel, and Jorge G. Tenreiro as Enforcement Counsel. Those roles are not accurately accompanying to cryptocurrency.
The recruits will serve beneath SEC Chairman Gary Gensler, who took on that role in April 2024. Gensler said that the four anew recruited individuals accept “have aberrant experience” and that he has “already amorphous to await on their admired counsel.”
Peirce Comments on Unified Regulations
The account comes alongside statements from SEC Commissioner Hester Peirce criticizing calls for a unified cryptocurrency regulator.
Peirce declared that while she understands “the actuation to alarm for one regulator,” such a appeal may absolutely aftereffect in beneath unity. “Typically in Washington, back you body addition regulator, all you get is all the absolute regulators additional one,” Peirce said.
Calls for a unified crypto regulator accept appear from aural the U.S. government and from crypto companies such as Coinbase and FTX.
Peirce’s animadversion was not accompanying to the agents additions that the SEC has aloof announced. However, the SEC’s accommodation to accredit a new crypto adviser suggests that it is committed to administering crypto action itself in the absence of a authoritative anatomy accurately committed to that purpose.
Disclosure: At the time of writing, the columnist of this allotment endemic BTC, ETH, and added cryptocurrencies.
