The Securities and Exchange Commission has hired Corey Frayer to advise Chairman Gary Gensler on regulations of cryptocurrencies. Frayer’s 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 of Gary Gensler as Chairman earlier this year was considered by many as a positive step for the industry since he was “intrigued” by crypto and taught blockchain classes at MIT.
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 believes futures-backed Bitcoin ETFs could provide more protection for investors.
Yet, the SEC continues to dabble with implementing specific rules on the digital asset space, despite recent meetings between regulators and crypto executives.
In the latest att
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