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SEC Chairman Jay Clayton Speaks on ICOs and Bitcoin ETF

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SEC Chairman Jay Clayton Speaks on ICOs and Bitcoin ETF

Securities and Exchange Commission (SEC) Chairman Jay Clayton spoke at the Consensus conference yesterday, November 27th, 2018. He touched on a number of topics relating to ICOs, the Bitcoin Exchange Traded Fund (ETF) approval process, and even commented on specific coins/assets for the approximately 1,300 attendees.

In regards to a potential Bitcoin ETF, he noted that unregulated exchanges is a major barrier:

Clayton went on to further clarify statements that he made in the past about whether ICOs are considered securities:

Clayton solidified his stance that Bitcoin and Ethereum are not securities. Ripple? TBD:

What is his reasoning? Bitcoin is a currency:

All in all, Clayton had a positive outlook on the future of the technology:

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