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).
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/H2GN36OOQBBJRB6QZPKG5WKYI4.jpg)
SEC Chair Gary Gensler (Melissa Lyttle/Bloomberg via Getty Images)
/arc-photo-coindesk/arc2-prod/public/LXF2COBSKBCNHNRE3WTK2BZ7GE.png)
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.
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.
Danny Nelson also contributed reporting to this story.
Disclosure
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.
Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.