The Securities and Exchange Commission (SEC) announced Thursday that senior Senate aide Corey Frayer will serve as a senior advisor on crypto-related issues.
In a Thursday press release, the US securities regulator framed Frayer's work as focused on "SEC policymaking and interagency work relating to the oversight of crypto assets." Bloomberg reported earlier this month that Frayer had been tapped for the role.
Before joining the SEC, Frayer worked as a senior staffer on the Senate Committee on Banking, Housing, and Urban Affairs under Sen. Sherrod Brown. Prior to that, he served as a senior advisor to Rep. Maxine Waters on the House Financial Services Committee.
“Corey, Phil, Jenny, and Jorge have exceptional experience,” Gensler said in a short statement. “I’ve already begun to rely on their valuable counsel on policy, enforcement, and agency operations, and I look forward to our continued work together to execute the SEC’s mission.”
Gensler took office in April and has since sought to establish crypto and digital assets as a high-profile regulatory area for the SEC. In September, he said that he wanted to bring crypto "into the public policy framework."