United States Securities and Commutation Commission (SEC) chair Gary Gensler has added a new staff member who will offering advice related to crypto policymaking and interagency work.

In a Thursday announcement, the SEC said Corey Frayer would be joining Gensler'due south executive staff as a senior adviser on the agency's oversight of cryptocurrencies. Frayer has worked as a professional staff fellow member of the Senate Banking Committee besides as a senior policy adviser for the House Financial Services Commission with Representatives Maxine Waters and Brad Miller.

Frayer's appointment to the SEC chair's executive staff came alongside those of Philipp Havenstein, Jennifer Songer and Jorge Tenreiro, who will be working equally operations counsel, investment direction counsel and enforcement counsel, respectively. Gensler cited the new staff members' "valuable counsel on policy, enforcement and agency operations" in appointing them to the squad.

The SEC, the Article Futures Trading Commission and the Fiscal Crimes Enforcement Network handle digital nugget regulation in the U.s., only each with different jurisdictional claims, resulting in a patchwork approach that crypto firms must navigate to legally operate. Having been confirmed past the U.South. Senate in Apr, Gensler will likely continue to serve as chair of the SEC until 2026.

Appointing Frayer to his staff could potentially bear upon Gensler'southward public position on crypto-related policy changes. The SEC chair is arguably 1 of the nearly informed people on crypto and blockchain technology to ever agree his position only has expressed concerns about substitution-traded funds with exposure to cryptocurrencies similar Bitcoin (BTC). He has long urged crypto projects to register with the SEC, specifically proverb they should "come in" and piece of work with regulators.

Related: 'I'm a huge laic in crypto technology,' says one-time Us SEC chair

The SEC's leadership will likely change in 2022 following the deviation of commissioner Elad Roisman in Jan and the expiration of commissioner Allison Lee's term, which is set to be in June. This leaves President Joe Biden with an opportunity to choice financial experts who could have a significant influence on policy related to crypto.