SEC’s Gensler Hires Senate Banking Aide to Develop Crypto Policy

U.S. Securities and Exchange Commission Chair Gary Gensler has brought on a leading Senate staff member to focus on cryptocurrency policy.

Corey Frayer, who worked as an aide to Senate Banking Committee Chairman Sherrod Brown, started at the agency this month, according to people briefed on the matter. He’s expected to play a key role as Gensler works to police the burgeoning industry, said the people, who asked not to be named because the hire hasn’t been announced.

Frayer’s appointment is already causing consternation at crypto firms and exchanges, due to Brown’s vocal skepticism of digital tokens. Gensler, too, has ...