TechFlow news — On November 19, Eastern Time, Jay Clayton, the U.S. SEC Chairman set to step down at year-end, pushed back against a suggestion by CNBC interviewer Andrew Ross Sorkin that Bitcoin could be regulated as a security. He stated that Bitcoin is "more of a payment mechanism and store of value" rather than a security.
Additionally, Clayton appeared to respond to JPMorgan CEO Jamie Dimon's prediction that regulators would eventually come knocking as Bitcoin continues to grow.
"I think we'll see more regulation around the payments space," he said.
Previously, under Clayton’s leadership, the SEC has repeatedly blocked the launch of Bitcoin ETFs.
Add to Favorites
Share to Social Media
