Jay Clayton, former chairman of the US Securities and Exchange Commission (SEC), warned in a televised interview that new rules on bitcoin would be announced soon.
to the Report In an interview with CNBC on Thursday, Jay Clayton said that bitcoin is not a securities issue for the SEC, but that does not mean it should not be regulated.
“Bitcoin,” Clayton said.
The status of bitcoin is ultimately determined to some extent by domestic and international regulations, and I think that both direct and indirect regulations will be formulated in this area.
The former chairman of the US Securities and Exchange Commission stressed that he was speaking “as a citizen” in the interview, not the former head of the SEC.
The commission countered fraudulent initial public offerings during Clayton’s presidency. The SEC also refused to approve any request for a bitcoin-related exchange-traded fund (ETF) and sued Ripple Labs.
In March, Clinton took a consulting position at One River Digital Asset Management, one of the parent companies of One River Digital, a newly established digital asset fund.
He has also been appointed non-executive Chairman of the Board of Apollo Global Management.