Corey Frayer

@csfrayer

Demonstrably less delusional than Mark Cuban. Director of Investor Protection - Consumer Federation of America. Former: Crypto Adviser to Gensler SEC. House and Senate Banking Committees.

465 Folgt1.975 Follower2.069 Posts

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Corey Frayer@csfrayer· 12d

The best paper I've ever read on financial regulation is about dogs and frisbees and worth revisiting whenever thinking about financial crises - AI or otherwise. www.bis.org/review/r1209...

Catching a crisis, like catching a frisbee, is difficult. Doing so requires the regulator to weigh
a complex array of financial and psychological factors, among them innovation and risk
appetite. Were an economist to write down crisis-catching as an optimal control problem,
they would probably have to ask a physicist for help.
Yet despite this complexity, efforts to catch the crisis frisbee have continued to escalate.
Casual empiricism reveals an ever-growing number of regulators, some with a Doctorate in
physics. Ever-larger litters have not, however, obviously improved watchdogs’
Frisbee-catching abilities. No regulator had the foresight to predict the financial crisis,
although some have since exhibited supernatural powers of hindsight.

Corey Frayer@csfrayer· 14d

Anybody here do constitutional law and can explain to me how State AGs would be able to force the DoJ to do anything to the President, even setting aside prosecutorial discretion?

Tweet with updates on the CLARITY Act ethics provisions with a bullet point that says

👉 State Attorneys General enforcement, with negotiators now agreeing to include a key Democratic demand that would give state AGs a role alongside the Department of Justice

Corey Frayer@csfrayer· 26d

Fetterman threatens to abandon Democrats www.axios.com/2026/07/16/f...

Corey Frayer@csfrayer· Jul 1

Yes, the same Ruben Gallego that caved on promised ethics provisions in the last crypto bill and who is dead set on passing the next crypto bill - which won't get signed by Trump if it has meaningful ethics provisions. Certainly not arm-waving to distract from his recent headlines is he.

Tweet from Senator Ruben Gallego claiming he's going to "crack down" in Trump's crypto companies.

Corey Frayer@csfrayer· Jun 17

This new crypto offering is an amazing deal, assuming you spend at least $187,500 a year! Truly, crypto is democratizing finance.

Text from an article posted on "Bankless" that says:

Plasma, which requires locking 100,000 XPL, advertises ~$10,000 in annual value, though 100,000 XPL costs $12,000 currently. Further, 75% of that $10,000 value from cashback that requires $187,500 spent annually to maximize the cashback benefits.

Corey Frayer@csfrayer· Jun 15

Calpers Expands Role of Manager Who Led Private-Equity Revamp www.wsj.com/pro/private-...

Simpsons show picture of people in deep hole. Text says "No, no. Dig up, stupid."

Corey Frayer@csfrayer· Jun 13

Always love being reminded of my "Gary Oldman from The 5th Element" phase.

Corey Frayer@csfrayer· Jun 12

Don't tell retirement savers to try and time the market! Assuming your asset allocation is appropriate for where you are in your lifecycle, mild updates to this including yelling at pension funds to disinvest Musk company equities. Or private credit. Or crypto. Wow financial markets got dumb.

index card that says

1. Max your 401(k) or equivalent employee contribution.

2. Buy inexpensive, well-diversified mutual funds such as Vanguard Target 20xx funds.

3. Never buy or sell an individual security. The person on the other side of the table knows more than you do about this stuff.

4. Save 20% of your money.

5. Pay your credit card balance in full every month.

6. Maximize tax-advantaged savings vehicles like Roth, SEP and 529 accounts.

7. Pay attention to fees. Avoid actively managed funds.

8. Make financial advisors commit to the fiduciary standard.

9. Promote social insurance programs to help people when things go wrong.

Corey Frayer@csfrayer· May 30

Apparently Brian Armstrong doesn't watch premier TV and has a terrible relationship with his Gen Z social media team.

Tweet by Brian Armstrong, Coinbase CEO referring to argument he's in with JPMC CEO Jamie Dimon. The graphic is a Heated Rivalry promotional poster with Jamie Dimon and Brian Armstrong's faces photoshopped over the main characters'.

Corey Frayer@csfrayer· May 26

As valued by the BlackHole-Scholes model.

A post on reddit in r/Bitcoin
•
7h ago

Using Bitcoin as collateral for a loan to buy more Bitcoin

Has anyone here tried using their BTC as collateral for a loan to buy more bitcoin?

I'm considering doing this at an APR of 11.5% in expectation that price outperforms this over 12 months. 50% LTV, no monthly repayments.

I know a lot of people are anti leverage, but I'm interested in hearing from anyone who's done this before.

Corey Frayer@csfrayer· May 5

Corey Frayer@csfrayer· May 4

Corey Frayer@csfrayer· May 1

CLARITY Act Section 404 Error: Stablecoin yield prohibition not found.

Corey Frayer@csfrayer· May 1

So crypto is openly doing illegal securities-based swaps now. Any Rep or Senator who thinks crypto will actually follow the laws under CLARITY if it does pass is delusional or corrupt. x.com/HyperliquidN...

Tweet from Hyperliquid News

HIP-3
@tradexyz
just dropped a bomb and no one’s talking about it.

They’ve added Pre-IPO markets to the docs, a system that lets you get exposure to a stock before it even goes public.

-The oracle is based on the company’s latest funding round.
-The market then determines the price via Hyperp.
-The perp is automatically converted at the IPO price once it happens.
-If there’s no IPO, the market settles using the average Pre-IPO price.

You can already trade $CBRS in Pre-IPO, with the IPO expected on May 7.

Corey Frayer@csfrayer· Apr 7

Some of the most vocal and critical Senators on both sides of the aisle regarding this threat are spending a lot of time with the crypto industry to hammer out a deal on crypto legislation. You'd think they, and Majority Leader Thune and Minority Leader Schumer, would prioritize this.

Corey Frayer@csfrayer· Mar 14

Corey Frayer@csfrayer· Mar 4

Trump weighs on stablecoin yield because: A) he believes crypto is a financial revolution or B) he owns a stablecoin issuer and crypto platform

[apologies not full verbatim text]

Post on Truth Social from Trump saying that banks need to cave in to crypto demands and support crypto market legislation that allows payment of interest on stablecoin holdings. He claims that if banks don't, crypto will go to China.

Corey Frayer@csfrayer· Feb 25

In any sane world, SBF endorsing the crypto bill being discussed in Congress would be a kiss of death.

Twitter post from Sam Bankman-Fried

The CLARITY Act will be a huge milestone for crypto and a huge achievement for
@realDonaldTrump
.

I was championing a similar bill to get crypto out of Gensler's hands when Gensler helped Biden's DOJ put me behind bars. https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=408568

Corey Frayer@csfrayer· Feb 24

And she made the Gibson SG a staple of of rock!!

Corey Frayer@csfrayer· Feb 19

Coinbase regarding its on-chain crypto lending vs. Coinbase regarding its on-chain crypto lending

Efficient & tax-friendly
Coinbase will not treat your borrow transaction as a taxable event.

Taxes

• Maintain detailed transaction records

• Consult a tax professional for compliance

Corey Frayer@csfrayer· Feb 5

Bitcoin falling so fast today it's going to need ablative shielding.

Picture of price chart for Bitcoin over last 24 hours - steep red line graph from $74k to $63k

Corey Frayer@csfrayer· Feb 5

Corey Frayer@csfrayer· Jan 30

We need more focus on Warsh's deregulatory policies. He wants to gut bank oversight at a dangerous time in the markets, like he pushed for in 2006 before the 2008 crisis. Similar to Trump's pick for SEC Chair Paul Atkins. Arguably more dangerous than bad monetary policy. www.pbs.org/newshour/sho...

Kevin Warsh, a Federal Reserve governor, says in September 2006: "I would say that the capital markets are probably more profitable and more robust at this moment than they have perhaps ever been."

Corey Frayer@csfrayer· Jan 30

SBF is auditioning hard for a pardon and reinventing himself as a Republican. Apparently his conversion happened in 2022 right before he got caught defrauding investors out of billions.

Post on Twitter from Sam Bankman Fried "why I became a Republican in 2022"

Corey Frayer@csfrayer· Jan 15

Because a crypto CEO threw a tantrum on social media, the Senate Banking Committee has officially canceled tomorrow's vote on a bill giving his multi-trillion dollar industry almost everything they wanted. With enemies like these, who needs friends?

Picture of tweet from reporter Eleanor Mueller, text says "Senate Banking Committee has canceled its markup of crypto market structure legislation tomorrow morning, I am told."

Corey Frayer@csfrayer· Jan 14

The most effective anti-crypto lobbyist is the President. The second most effective anti-crypto lobbyist is the crypto lobby.

Tweet from Brian Armstrong, Coinbase CEO

After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.

There are too many issues, including:

- A defacto ban on tokenized equities
- DeFi prohibitions, giving the government unlimited access to your financial records and removing your right to privacy
- Erosion of the CFTC’s authority, stifling innovation and making it subservient to the SEC
- Draft amendments that would kill rewards on stablecoins, allowing banks to ban their competition

We appreciate all the hard work by members of the Senate to reach a bi-partisan outcome, but this version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft.

We'll keep fighting for all Americans and for economic freedom. Crypto needs to be treated on a level playing field with the rest of financial services so we can build this industry in a safe and trusted way in America.

Corey Frayer@csfrayer· Jan 14

Extending an olive branch to give the crypto industry some free lobbying advice - don't give quotes to media that admit the language you got in the last piece of legislation is, in fact, bad. www.coindesk.com/news-analysi...

Picture of quoted text from the linked article:

"If they succeed in blowing up this legislation with unreasonable demands, they will be left with language in the GENIUS Act — a status quo that they themselves have insisted is completely unworkable," she said. "That outcome would be self-inflicted, and it would expose exactly who is fighting for consumers and who is fighting to preserve monopoly power.”

Corey Frayer@csfrayer· Dec 18

Picture of Lisa Simpson and unnamed man running away from fire-breathing monster. Man saying "He said it was just a name. What he meant is that monster island is actually a peninsula"

Corey Frayer@csfrayer· Dec 12

This SEC letter to DTCC allowing tokenized securities is like when my parents would tell my brother to share the Nintendo. The easiest answer was to hand me an unplugged controller and keep playing. www.sec.gov/files/tm/no-...