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.
“If you look at different products or different aspects of what I would call the overall crypto ecosystem, [you] have products that span the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...