Former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton has discussed what he believes to be the “appropriate way” to regulate crypto. The former regulator added that “the classification issues” about whether a crypto token is a security or a commodity are “overblown,” emphasizing: “Most of those decisions are pretty easy.”
Ex-SEC Chair Discusses Crypto Regulation
Former chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, discussed cryptocurrency regulation at the Council on Foreign Relations last week.
Responding to a question about what the appropriate way to regulate the crypto industry would be, the former SEC chair stated:
The appropriate way to regulate crypto is to recognize that it’s a technology, not a product.
“It’s a different technology for almost all cases, delivering a product that we already know, sometimes in a more efficient way,” he added.
“I’m very sympathetic … to the entrepreneurs who want to r
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