Former SEC chair Jay Clayton feels ‘vast majority’ of crypto tokens are securities

Former SEC Chairman Jay Clayton has reiterated his view that the “vast majority” of cryptocurrencies are securities under existing U.S. law. Clayton made the remarks in an interview with TechCrunch, where he spoke about his time as chairman of the U.S. Securities and Exchange Commission.

“I believe that the vast majority of cryptocurrencies and ICOs today are indeed securities,” Clayton said. “I also believe that, as applied to the digital asset world, the existing body of securities laws provides a good set of rules, set of regulations, for all of us to follow.”

Clayton also noted that the SEC is continuing to work on its regulatory guidance for the digital asset and cryptocurrency markets in an effort to create clarity and certainty for all participants. “The SEC’s goal is to ensure that investors have the protections that our securities laws provide, and that people who issue and trade digital assets can do so in a transparent and efficient manner,” he said.

Robert Wilson
Robert Wilson author

As the overseer of NicheBot's editorial content, I am committed to ensuring that all information published on our website is both accurate and relevant to our readers. My fervent support for the crypto industry has led me to closely monitor the developments within it since 2012, and I have contributed extensively to discussions and debates surrounding the world of Bitcoin.

Articles: 9258