SEC Chairman Jay Clayton Stepping Down at End of Year
U.S. Securities and Exchange Commission Chairman Jay Clayton will leave his role at the end of this year.
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Jay Clayon is stepping down as chairman of the Securities Exchange Commission. Here’s what that means for crypto and traditional markets.
Jay Clayton is stepping down from his role as SEC Chairman at the end of the year, but before going he wants to set the record straight on the SEC’s opinion of Bitcoin. The outgoing SEC Chairman Jay Clayton, who oversaw the rejection of nine Bitcoin ETFs during his tenure, has told CNBC that “inefficiencies” in the current payments systems are continuing to drive the popularity of Bitcoin.Appearing on CNBC’s Squawk Box yesterday Clayton, who is due to step down by the end of the year, confirmed his agency’s general assessment that Bitcoin was not a security but a payment mechanism and....
Clayton announced in November he would be leaving by the end of the year but hadn't specified a date.
The chairman of the U.S. Securities and Exchange Commission (SEC) has explained how the U.S. government is regulating cryptocurrency. He calls bitcoin a store of value, noting that its rise is driven by the inefficiencies of the current payment system. How Bitcoin Is Regulated in the US SEC Chairman Jay Clayton explained how the U.S. government is regulating bitcoin during an interview with CNBC Squawk Box on Thursday. He began by responding to a comment made by JPMorgan CEO Jamie Dimon regarding bitcoin regulation. Dimon said that he was not a supporter of bitcoin because in his....
The chairman of the Securities and Exchange Commission is set to move on after three-and-a-half years in the role. Jay Clayton, who has served as the chairman of the United States Securities and Exchange Commission since May 2017, will be leaving the agency by the end of 2021.In its official news release, the agency noted that Clayton has been one of its longest-standing chairs. Crypto enthusiasts will likely be familiar with the agency's work, whose activities have engaged some of the most controversial regulatory questions facing the new asset class. These include early debates as to....