Ex SEC Chairman Jay Clayton on Bitcoin

Former SEC Chairman Jay Clayton in an interview with CNBC Squawk Box made it known that bitcoin had the status as a non-security at the SEC but this does not mean it should not be regulated.

Clayton talking about bitcoin, said, “where digital assets land at the end of the day will be driven in part by regulation both domestic and international, and I expect that regulation will come in this area both directly and indirectly.

On record, SEC cracked down on unregistered and fraudulent initial coin offerings under Clayton. Also, SEC refused to approve the application of any bitcoin exchange-traded funds and sued Ripple Labs.

Author: Oluwafemi Adenugba

Oluwafemi is passionate about research and finds himself as a blockchain enthusiast who is focused on growing with the entire crypto sector.

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