{"id":3464,"date":"2022-01-01T01:10:17","date_gmt":"2022-01-01T01:10:17","guid":{"rendered":"http:\/\/egrowonline.com\/?p=3464"},"modified":"2022-01-01T01:10:17","modified_gmt":"2022-01-01T01:10:17","slug":"the-sec-appoints-new-senior-advisor-for-cryptocurrency-oversight","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=3464","title":{"rendered":"The SEC Appoints New Senior Advisor for Cryptocurrency Oversight"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>The Securities and Exchange Commission has hired Corey Frayer to advise Chairman Gary Gensler on regulations of cryptocurrencies. Frayer\u2019s previous experience includes operating as a professional staff member of the Senate Banking Committee and policy adviser for the House Financial Services Committee.<\/p>\n<ul>\n<li>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 \u201c<a target=\"_blank\" href=\"https:\/\/cryptopotato.com\/sec-chair-gary-gensler-intrigued-by-crypto-urges-for-better-investor-rules\/\" data-wpel-link=\"internal\" rel=\"noopener\">intrigued<\/a>\u201d by crypto and taught blockchain classes at MIT.<\/li>\n<li>Under his command, the Commission finally greenlighted two Bitcoin ETFs earlier this year, even though they are backed by futures contracts, not spot BTC. Gensler <a target=\"_blank\" href=\"https:\/\/cryptopotato.com\/gensler-on-futures-etf-approval-were-technology-neutral-not-policy-neutral\/\" data-wpel-link=\"internal\" rel=\"noopener\">believes<\/a> futures-backed Bitcoin ETFs could provide more protection for investors.<\/li>\n<li>Yet, the SEC continues to dabble with implementing specific rules on the digital asset space, despite recent <a target=\"_blank\" href=\"https:\/\/cryptopotato.com\/crypto-ceos-and-their-testimonies-during-todays-congressional-hearing\/\" data-wpel-link=\"internal\" rel=\"noopener\">meetings<\/a> between regulators and crypto executives.<\/li>\n<li>In the latest attempt to enhance its cryptocurrency observation, the Commission has hired Corey Frayer to advise Chairman Gensler on \u201cSEC policy-making and interagency work relating to the oversight of crypto assets.\u201d<\/li>\n<li>The <a target=\"_blank\" href=\"https:\/\/www.sec.gov\/news\/press-release\/2021-270?utm_medium=email&amp;utm_source=govdelivery\" data-wpel-link=\"external\" rel=\"noopener\">announcement<\/a> explained that Frayer has experience with several senior roles in the country\u2019s political landscape.<\/li>\n<li>Apart from the aforementioned positions that he occupied, Frayer has also spent a decade as a senior advisor \u201cworking on issues ranging from consumer and investor protection.\u201d<\/li>\n<\/ul>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0;clear: both\">\n<div><span style=\"font-size:11px;color: gray\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): <a target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" rel=\"nofollow noopener\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\" rel=\"noopener\">terms<\/a>).<\/p>\n<p><b>PrimeXBT Special Offer: <a target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" rel=\"nofollow noopener\" data-wpel-link=\"internal\">Use this link<\/a> to register &amp; enter POTATO50 code to get 25% off trading fees.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cryptopotato.com\/the-sec-appoints-new-senior-advisor-for-cryptocurrency-oversight\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission has hired Corey Frayer to advise Chairman Gary Gensler on regulations of cryptocurrencies. Frayer\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[36],"tags":[2836,1033,52,673,605,2835],"class_list":["post-3464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-advisor","tag-appoints","tag-cryptocurrency","tag-oversight","tag-sec","tag-senior"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/01\/TheSEC.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3464"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3464\/revisions"}],"predecessor-version":[{"id":3466,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3464\/revisions\/3466"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/3465"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3464"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}