Former SEC chairman warns of new Bitcoin regulations

Bitcoin Regulations

They are around the corner! Jay Clayton, former SEC chairman, has warned that new regulations around Bitcoin could be coming soon. He made these remarks in a TV appearance.

In an interview with CNBC Squawk Box posted Thursday, he said that Bitcoin had the status as a non-security at the US Securities and Exchange Commission. But this does not mean that the world’s most popular cryptocurrency should not be regulated.

Stressing that he was speaking as a citizen during the interview, Clayton said:

“Where digital assets land at the end of the day will be driven in part by regulation both domestic and international, and I expect that regulation will come in this area both directly and indirectly.”

Of course, you may recall that it was under Clayton that the SEC tightened things up when it came to digital assets and cryptocurrencies.

The commission cracked down on unregistered and fraudulent initial coin offerings. It also refused to approve the application of any Bitcoin exchange traded fund, and sued Ripple labs — a case that has picked up steam lately.

Then in March, Clayton took on an advisory role at hedge fund One River Digital Asset Management, the parent company of the newly launched digital asset fund One River Digital.

He was also named non-executive chairman of the board of directors of Apollo Group Management.

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