In a TV appearance, former SEC chairman Jay Clayton warned that new bitcoin regulations could be released soon.
In an interview with CNBC Squawk Box published on Thursday, Clayton said bitcoin had non-title status at the SEC, but that does not mean it should not be regulated.
- “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,” Clayton said about bitcoin.
- The former SEC Chairman stressed he was “speaking as a citizen” during the interview.
- Under Clayton, the SEC cracked down on unregistered and fraudulent initial coin offerings. The commission also refused to approve the application of any bitcoin exchange-traded funds and sued Ripple Labs.
- 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.
- Clayton was also named non-executive chairman of Apollo Global Management’s board of directors.