SEC Chair Gary Gensler appoints senior advisor to oversee crypto policy

U.S. Securities and Exchange Commission Chair Gary Gensler hires Corey Frayer to facilitate SEC policymaking and interagency work relating to the oversight of crypto assets, according to an SEC release. The appointment comes at a time when officials from around the world are progressing towards developing a regulatory framework for the growing crypto space. Frayer previously served as Senior Professional Staff on the U.S. Senate Committee on Banking, Housing, and Urban Affairs for Chairman Sherrod Brown. Previously, (Aug. 4) Gary Gensler said crypto is a speculative asset class that needs more regulation.