Apr 5, 2021

Jay Clayton warned of upcoming tighter regulation of btс

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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Risk Awareness

Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies. Trading or holding funds in cryptocurrencies comes with significant risks, including volatile market price swings or flash crashes, market manipulation. Use EUPi stable coin to secure your funds from market volatility.

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