Former Securities and Exchange Commission (SEC) Chairman Jay Clayton’s stance on the government’s efforts to regulate crypto technologies has seemingly softened since his time as SEC chair, according to comments from the former securities regulator during a discussion with Grayscale CLO Craig Salm on Grayscale Convenes Thursday.
The SEC can regulate many cryptocurrencies and classify them as securities because security laws regulate transactions in securities and not just the securities themselves, the ex-regulator told a LinkedIn livestream. He also noted that spot bitcoin exchange-traded funds (ETFs) face market manipulation concerns and detailed how cryptocurrencies’ global reach means that products regularly span the jurisdictions of various regulators, which renders it difficult for regulators to apply regulations to cryptocurrencies.
Source: Former SEC Chair Jay Clayton Talks Rapidly Evolving Crypto Regulation Landscape
