Pi Union
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Pi Union

Former head of SEC, Jay Clayton warned of upcoming tighter regulation of bitcoin in the United States

Bitcoin is not considered a security under US law, but that does not mean that it should not be regulated, said former chairman of the US Securities and Exchange Commission (SEC) Jay Clayton.

“The digital asset space will ultimately be driven in part by regulation both domestically and internationally. I expect that regulation will come to this area, both direct and indirect, “he said, stressing that he expresses his opinion” as a citizen. “

Under Clayton, the SEC launched a fight against unregistered and fraudulent initial coin offerings (ICOs). The commission also refused to approve applications for the creation of a Bitcoin ETF.

Clayton noted that Bitcoin had been removed from securities law long before he took over as chairman.

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