Jay Clayton, Chairman of SEC Got Into Debate on Crypto
August 2, 2018 11:26 am
Werner highlighted a moment where he goes into a “heated” discussion between the SEC chairman and an unnamed lawyer about cryptocurrency.
“In fact, the first time that I met the Chairman, I walked into a heated discussion he was having with an attorney in my office about the legitimacy and viability of cryptocurrencies. I was taken aback, honestly, about how much thought he had given to this space and the issues surrounding that. And what I have learned in the time working with him is that he has given every single issue that he has confronted that same dedication and thought process.”
Recently in February, Clayton accentuated the contrast between cryptocurrencies and ICO-derived tokens that are securities.
“I want to go back to separating ICOs and cryptocurrencies. ICOs that are securities offerings, we should regulate them like we regulate securities offerings. End of story.”