The head of the SEC, Gary Gensler, believes that the crypto industry needs regulation. The challenge for US authorities is to ensure the safety of investors and to minimize the risks of digital asset fraud.
The SEC press center reported that Corey Freyer is planning to start working in the commission. He will become Gensler's senior advisor on crypto regulation.
Freyer previously served on the Senate Banking Committee and advised the Financial Markets Committee. Currently, the US digital asset market is monitored by three agencies - the SEC, the CFTC, and the Financial Crimes Enforcement Administration.
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Gary Gensler calls on the Senate to give his department full powers to control the cryptosphere.
According to observers, the arrival of Freyer could significantly change the position of the American regulator. She may soften soon.
It is possible that the SEC will speed up the legalization of the blockchain industry and may even approve a spot bitcoin ETF next year.