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05 December 2020

Outgoing SEC Chair Jay Clayton reveals what’s driving the rise of BTC

Outgoing SEC Chair Jay Clayton reveals what’s driving the rise of BTC


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However, during his years as SEC chair, Clayton was never a staunch opponent of Bitcoin in principle, but regularlyexpressed his fears that average investors could be subjected to unnecessary risk when investing in a Bitcoin ETF.

“We did not regulate Bitcoin as a security,” said Clayton, explaining that BTC was "much more a payment mechanism and stored value" than a security.

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cointelegraph.com
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