SEC Chair Jay Clayton Says Crypto Markets Lack Price Discovery Rigor of Public Markets

The last time he spoke about cryptocurrencies to the press, SEC Chairman Jay Clayton held out hope for a Bitcoin ETF, indicating that “progress is being made” in cleaning up crypto markets. Yesterday, at the Delivering Alpha conference organized by CNBC, Clayton reverted back to his old hostile stance towards cryptocurrencies. “If they (investors) think… Read More SEC Chair Jay Clayton Says Crypto Markets Lack Price Discovery Rigor of Public Markets

Bitcoin Is Not A Security: SEC Chairman Jay Clayton

Even as his agency cracks down on token offerings, SEC Chairman Jay Clayton is letting bitcoin off the hook. Clayton, who has been vocal about regulating tokens as securities, told CNBC in an interview that cryptocurrencies do not qualify as securities under current SEC provisions. “Cryptocurrencies…are replacements for sovereign currencies, (they) replace yen, US dollar,… Read More Bitcoin Is Not A Security: SEC Chairman Jay Clayton