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SEC Chairman Gary Gensler Hires Senate Banking Aide to Advise on Crypto Policy
Corey Frayer spent a decade working as an adviser to members of Congress before serving as a senior staffer on the Senate Banking Committee for Sen. Sherrod Brown (D-Ohio).
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has hired a senior adviser specializing in cryptocurrency, according to a Thursday announcement.
Corey Frayer, who spent a decade working as a senior adviser to members of Congress before becoming a senior staffer on the U.S. Senate Committee on Banking, Housing and Urban Affairs under committee chairman Sen. Sherrod Brown (D-Ohio), has been tapped for the role.
STORY CONTINUES BELOW
Gensler’s appointment of a crypto-focused senior adviser is in line with his stated focus on establishing a regulatory framework for crypto, as well as a signal that the SEC could step up its efforts to regulate the industry in 2022.
According to a source familiar with the Senate Banking Committee, Frayer spearheaded crypto policy for Brown – who has been outspoken about his concerns about the risks cryptocurrencies could pose to investors, calling blockchain a “shady diffuse network of online funny money” at a hearing in July – and other top-ranking Democrats.
According to the announcement, Frayer’s new role at the SEC will focus on “policymaking and interagency work relating to the oversight of crypto assets.”
Frayer has a degree in International Economics and Finance from the Catholic University of America.
Read more: SEC Commissioner Hester Peirce Says Washington Doesn’t Need a New Crypto Regulator
Danny Nelson also contributed reporting to this story.
Cheyenne Ligon
On the news team at CoinDesk, Cheyenne focuses on crypto regulation and crime. Cheyenne is originally from Houston, Texas. She studied political science at Tulane University in Louisiana. In December 2021, she graduated from CUNY's Craig Newmark Graduate School of Journalism, where she focused on business and economics reporting. She has no significant crypto holdings.
