Crypto Flipsider News — SEC Recruits Crypto Aide, Shiba Inu Prepares for Doggy DAO, SHIB Burn Fitness App, Binance Cancels C2C in China, ETH 2.0 Rocket Pool Hits $360 Million, Robinhood Adds Options Rolling
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The SEC has recruited former Senate aide as Gary Gensler’s crypto advisor.
Shiba Inu prepares for Doggy DAO, bigger SHIB burns incoming with fitness app.
Binance cancels C2C trading in mainland China, suggests replacement.
ETH 2.0 staking protocol hits $360 million TVL in five weeks.
Robinhood looks to expand access to Crypto with options rolling feature.
The SEC Has Recruited Former Senate Aide as Gary Gensler’s Crypto Advisor
As crypto regulation becomes a more prominent issue, the chairman of the Securities and Exchange Commission, Gary Gensler, has hired former Senate aide Corey Frayer to serve as an advisor on matters related to cryptocurrency.
Frayer previously worked with the U.S. Senate Committee on Banking, Housing, and Urban Affairs. The appointment will see him advise Gensler on SEC policies. Frayer will also perform inter-agency work pertaining to crypto asset oversight.
The appointment of a crypto-focused senior adviser falls in line with the SEC’s stated focus of establishing a regulatory framework for the cryptocurrency industry.
Corey Frayer was one of four new staff members to join the SEC, though the roles of the remaining three members do not specifically pertain to cryptocurrency.
Along with the announcement, SEC Commissioner Hester Peirce has criticized calls for unified crypto regulations.
Why You Should Care
Many believe that the appointment could be a signal that the SEC is stepping up its efforts to regulate the crypto industry in 2022.
Shiba Inu Prepares for Doggy DAO, Bigger SHIB Burns Incoming with a Fitness App
The developers of 2021’s most viewed cryptocurrency, Shiba Inu, have announced the launch of the beta version of DAO 1 — a Doggy decentralized autonomous organization. The move will increase the decentralization of the network.
The Doggy DAO will be run and fully controlled by the SHIB community, otherwise known as the Shiba Army. It will also give the SHIB community voting rights and the responsibilities in regards to Shiba Inu governance.