Corey Frayer

@csfrayer.bsky.social

1960 Followers 462 Following

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.

Gif from Wayne's World, Wayne telling Stacey "I lost you two months ago!"
Tweet from Senator Ruben Gallego claiming he's going to "crack down" in Trump's crypto companies.
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.
Simpsons show picture of people in deep hole. Text says "No, no. Dig up, stupid."
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.
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'.
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.
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.
[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.
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
Efficient & tax-friendly Coinbase will not treat your borrow transaction as a taxable event.
Picture of price chart for Bitcoin over last 24 hours - steep red line graph from $74k to $63k
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."
Post on Twitter from Sam Bankman Fried "why I became a Republican in 2022"
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."
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.
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.”
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"
Picture of text from SEC No Action Letter: Override Keys. DTC would have a “root wallet” on each blockchain with keys that it can use to convert, transfer, mint, or burn any of the Tokens, even without the private key for the Registered Wallet. These keys would allow DTC to act on any Tokens that have been the subject of Conditions Requiring Reversal. This override power would provide Participants with protections similar to those that exist with a centralized ledger but without compromising the benefits of DLT. DTC would maintain robust security systems to maintain the storage of its keys. In particular, DTC would store the keys relevant for the DTCC Tokenization Services in cold storage except for any such keys that are necessary for daily operations.
Picture of twitter post where Alexander Grieve, head of a pro-crypto vc firm, claims that consumer groups are so powerful that they bullied the NYT into publishing two articles this weekend that expressed some criticism and skepticism re crypto. WRT to a letter 200 progressive groups released today regarding draft crypto legislation in Congress, Grieve says "What a truly remarkable coincidence." Implying that the release of the letters shows that the consumer groups and the NYT are coordinating some kind of crypto campaign.
We write to express concern regarding the registration of exchange-traded funds that seek to provide more than 200% (2x) leveraged exposure to underlying indices or securities. On October 6-7, 2025, and October 14, 2025, ProShares Trust filed post-effective amendments on Form N-1A to add the series referenced in Appendix A attached hereto. We will not perform a substantive review of these filings referenced in Appendix A until the issues raised in this letter are addressed. Further, we request that in your response letter you undertake to delay the effectiveness of the filings until these issues are resolved.
Uncle Sam finger pointing through the stripes of an American flag with the words "Are YOU doing all you can?"
Coinbase post on X with their letter to the CFTC explicitly asking to allow their vertically integrated business model.
Partiful notifications thread showing "Justin" RSVPing for 2 people and then shortly thereafter changing it to 1 person.
Screenshot of tweet that says "Just in, McDonald's McRib has returned. Historically every McRib comeback since 2020 has marked a Bitcoin rally." Followed by a graph of Bitcoin prices.
Senate Bill Text: (ii) The term ‘digital commodity’ includes any fungible digital asset that can be exclusively possessed and transferred, person to person, without necessary reliance on an intermediary and is recorded on a cryptographically secured public dis16 tributed ledger, of which the primary branding, narrative, or price discovery is substantially derived from a meme, joke, trend, or the name or likeness of a public figure (with or without license).
Senate bill text: (27) DIGITAL COMMODITY.— (A) IN GENERAL.—The term ‘digital commodity’ means any fungible digital asset that can be exclusively possessed and transferred, person to person, without necessary reliance on an intermediary, and is recorded on a cryptographically secured public distributed ledger.
Senate Draft Bill text that reads: DIGITAL ASSET.—The term ‘digital asset’ means any digital representation of value which is recorded on a cryptographically-secured distributed ledger.
Screenshot of Twitter post from Cointelegraph: 🇺🇸 JUST IN: Crypto-friendly Stephen Miran has been confirmed by the Senate to join the Federal Reserve Board of Governors.
Twitter post with graph and featuring the text: BIG: Stablecoins processed $46T in transactions over the past year, nearly 3x Visa's volume and closing in on the ACH network that powers US banking.
Picture of White House with East Wing completely razed.
Picture of excavator tearing down a side of the White House.
screen shot of Wired article text: So we start talking and she says, “Well, I saw you get out of your truck with your boots, and you're like a big white man. I guess I just assumed because Elon's a Nazi and you fit the profile …” I stopped her and I was like, “My last name is Goldman, what heritage do you think that is?” She's like, “That's Jewish. My wife is Jewish.” I said, ‘OK, so you just accused me of being a Nazi when I'm a Jew. And you said that your wife was Jewish, so I'm assuming you're gay. Is that a safe assumption?” She said yes, and I said, “OK, so did you ever get profiled anytime in your life for being gay?” And she says, “Yeah, all the time. I hated it.” And I was like, “Well, do you realize that you just profiled me based off of the vehicle that I drive and me wearing work boots and being a big white guy as being a Nazi when it's completely something totally different?” And she broke down in tears and apologized.
Is this a pigeon meme with text - "is this, UBI" and dogecoin image
Twitter post from Coinbase "We’re helping @GiveDirectly show how crypto and USDC can change the game for New Yorkers in need" with image of CoinDesk article with headline "Coinbase-Backed Pilot Program Hands Out $12,000 in Crypto to Low-Income New Yorkers"
Video of a mother and two young children walking through a large group of heavily armed federal agents.
Tweet from Justin Slaughter with image of Sherrod Brown statement on crypto. Tweet reads: Pretty reasonable statement. I have long thought Brown was basically misled by a few executive branch staffers last Admin.
Twitter post identifying Bitcoin at risk of a 51% attack as two mining operations control more than 51% of hash power
Tweet from Claire Williams - "Tim Scott just goes ahead and says the quite part out loud at a crypto conference in Wyoming this morning: "Thank you to all of y'all for getting rid of Sherrod Brown"
Post from US ICE twitter account tearing down political speech signs in Mt Pleasant DC
Signs in Mount Pleasant plaza - "No deportations in Mt. pleasant" "no a la migra"
Tweet where Mark Wetjen announces he has started a job at OKX
Sander Lutz (Decrypt Reporter) via Tweet @s_lutz95 🚨NEW: DeFi leaders are coming out swinging against the CLARITY Act, saying the bill would “continue the trend of forcing DeFi developers overseas." Top DeFi stakeholders tell me they’ve held their tongue about the bill for months, but now feel they have no choice but to go public with their concerns, given a final House vote is coming as soon as tomorrow. Elements of how the bill treats DeFi are “really problematic” and “impossible” for software developers to comply with, one DeFi policy expert told me. Another top lobbyist told me DeFi leaders have refrained from whipping votes for CLARITY on the Hill because the bill will boost major crypto corporations, but “leave developers in the lurch.” These DeFi players have been vaguely supportive of the bill in public, but privately, have major, fundamental issues with it. “This is a bill written by and for the big companies in crypto, which feels antithetical to the industry.”
Picture of CSPAN coverage of US military parade broadcast showing Coinbase sponsorship
Leslie Nielsen from The Naked Gun next to a printer spewing out paper