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26 November 2020

Bitcoin Will Face More Regulation as Payment Method: SEC Chairman - Decrypt

Bitcoin Will Face More Regulation as Payment Method: SEC Chairman - Decrypt


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In an interview on CNBC this morning, SEC Chairman Jay Clayton reiterated that he does not believe Bitcoin is a security, but suggested that more regulation could still be on the way from other federal agencies.

Clayton clarified that the SEC “determined that Bitcoin was not a security, it was much more a payment mechanism and store of value,” before adding, “the government does regulate payments.”

That the SEC doesn’t treat Bitcoin like a security, and so doesn’t regulate it, isn’t exactly new information—but Clayton has rarely been this explicit about what Bitcoin actuallyis

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