2018-11-29 00:57 |
Clayton spoke Tuesday at the CoinDesk-organized event. Here's the full video of his fireside chat. origin »
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Clayton believes institutional investors desire access to Bitcoin via an ETF. There's a growing acceptance of cryptocurrencies in the financial sector, he says.
According to former chairman of the SEC, Jay Clayton, cryptocurrencies serve a variety of functions and are tied to a range of industries, and the SEC should regulate only those industries that are related to them.
Former SEC chairman Jay Clayton has had a major role reversal as he now fights for a Bitcoin ETF approval. Clayton Joins Fight for Bitcoin ETF Approval While the newly-appointed SEC chairman, Gary Gensler continues to work toward establishing a regulatory framework for digital assets, his predecessor, Clayton finds himself on the opposite side ofRead More
The former SEC chairman warns that regulation will come both directly and indirectly.
Clayton announced in November he would be leaving by the end of the year but hadn't specified a date.
U.S. Securities and Exchange Commission Chairman Jay Clayton will leave his role at the end of this year.
Better regulation is needed around bitcoin markets before they can be traded on major exchanges, the head of the SEC said on Thursday.