The US Securities and Exchange Commission (SEC) has added a number of advisors to the executive staff of Chairman Gary Gensler. Among them is Corey Fryer, who advises Gensler on “interagency work related to SEC policymaking and monitoring of crypto assets.”
SEC Has New Adviser to Monitor Crypto Assets
The US Securities and Exchange Commission (SEC) on Thursday announced the appointments of Cory Freire, Phil Havenstein, Jennifer Songer and George Tenrero to the executive staff of Gary Gensler. Declaration Details:
Corey Fryer advised Chair Gensler on interagency work related to SEC policy making and monitoring of crypto assets.
Prior to joining the SEC, Fryer served as senior professional on staff for Sherrod Brown, chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs. He also spent a decade on the House Financial Services Committee as a senior adviser to Rep. Maxine Waters and to Rep. Brad Miller of North Carolina.
Havenstein serves as an advisor to Gensler on matters relating to agency administration, operations and management. Songer advises him on matters related to investment companies and investment advisors, while Tenreiro advises him on matters related to the Department of Enforcement.
In December, Gensler called for greater investor protection in the crypto markets. “This asset class is fraught with fraud, scams and misuse in some applications,” he said. “In many cases, investors are not able to obtain rigorous, balanced and complete information on tokens or trading and lending platforms.”
The SEC, under Gensler, has approved certain bitcoin futures exchange-traded funds (ETFs). However, the commission has not approved any spot bitcoin ETFs. In November, US Reps. Tom Emmer and Darren Soto sent a letter to Gensler urging the SEC to allow trading of spot bitcoin ETFs.
What do you think about the SEC adding a crypto advisor to Gensler’s executive staff? Let us know in the comments section below.
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