SEC Chairman Jay Clayton Says Bitcoin Not a Security, Most ICOs Likely Are By Cointelegraph


SEC Chairman Jay Clayton Says Bitcoin Not a Security, Most ICOs Likely Are

Jay Clayton, the chair of the US Securities and Exchange Commission (SEC), believes that (BTC) is not a security since it acts as a replacement for sovereign currencies, CNBC reports today, June 6.

Clayton, when speaking about the “incredible promise” of distributed ledger technologies driving efficiencies in markets, clarified during today’s CNBC interview his thoughts on cryptocurrencies that are “replacements for sovereign currencies:”

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