Former SEC Chairman Jay Clayton Warns of New Bitcoin Regulations

  • In an with CNBC Squawk Box posted Thursday, Clayton said had the status as a non-security at the SEC but this does not mean it should not be regulated.
  • “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,” said Clayton about bitcoin.
  • The former SEC Chairman stressed he was “speaking as a citizen” during the interview
  • Under Clayton, the SEC cracked down on unregistered and fraudulent initial coin offerings. The commission also refused to approve the application of any bitcoin exchange-traded funds and Ripple Labs.
  • In March, Clayton an advisory role at hedge fund One River Digital Asset Management, the parent company of the newly launched digital asset fund One River Digital.
  • Clayton was also named non-executive chairman of Apollo Global Management’s board of directors.

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