{"id":387713,"date":"2021-12-30T23:02:16","date_gmt":"2021-12-30T20:02:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sec-chair-has-a-new-senior-adviser-for-crypto\/"},"modified":"2021-12-30T23:02:16","modified_gmt":"2021-12-30T20:02:16","slug":"sec-chair-has-a-new-senior-adviser-for-crypto","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sec-chair-has-a-new-senior-adviser-for-crypto\/","title":{"rendered":"# SEC chair has a new senior adviser for crypto"},"content":{"rendered":"

“# SEC chair has a new senior adviser for crypto <\/strong>”
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United States Securities and Exchange Commission (SEC) chair Gary Gensler has added a new staff member who will offer advice related to crypto policymaking and interagency work.\u00a0<\/p>\n

In a Thursday announcement, the SEC said<\/a> Corey Frayer would be joining Gensler\u2019s executive staff as a senior adviser on the agency\u2019s oversight of cryptocurrencies. Frayer has worked as a professional staff member of the Senate Banking Committee as well as a senior policy adviser for the House Financial Services Committee with Representatives Maxine Waters and Brad Miller. <\/p>\n

Frayer\u2019s app<\/a>ointment to the SEC chair\u2019s executive staff came alongside those of Philipp Havenstein, Jennifer Songer and Jorge Tenreiro, who will be working as operations counsel, investment management counsel and enforcement counsel, respectively. Gensler cited the new staff members\u2019 \u201cvaluable counsel on policy, enforcement and agency operations\u201d in appointing them to the team. <\/p>\n

The SEC, the Commodity Futures Trading Commission and the Financial Crimes Enforcement Network handle digital asset regulation in the United States, but each with different jurisdictional claims, resulting in a patchwork approach that crypto firms must navigate to legally operate. Having been confirmed by the U.S. Senate in April, Gensler will likely continue to serve as chair of the SEC until 2026.\u00a0<\/p>\n

Appointing Frayer to his staff could potentially affect Gensler\u2019s public position on crypto-related policy changes. The SEC chair is arguably one of the most informed people on crypto and blockchain technology<\/a> to ever hold his position but has expressed concerns about exchange-traded funds with exposure to cryptocurrencies like Bitcoin (BTC). He has long urged crypto projects to register with the SEC, specifically saying they should \u201ccome in\u201d and work with regulators.<\/p>\n

Related: <\/em><\/strong>\u2018I’m a huge believer in crypto technology,\u2019 says former US SEC chair<\/em><\/strong><\/p>\n

The SEC\u2019s leadership will likely change in 2022 following the departure of commissioner Elad Roisman in January and the expiration of commissioner Allison Lee\u2019s term, which is set to be in June. This leaves President Joe Biden with an opportunity to pick financial experts who could have a significant influence on policy related to crypto.<\/p>\n