RATE Group | SEC Chairman Wants to See Additional Improvements in the Market Before Approving Crypto …
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SEC Chairman Wants to See Additional Improvements in the Market Before Approving Crypto …

03 Dec SEC Chairman Wants to See Additional Improvements in the Market Before Approving Crypto …

Posted at 23:09h in Cryptocurrency News by

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This year, crypto enthusiasts witnessed the rejection of several cryptocurrency exchange-traded fund (ETF) proposals by the US Securities Exchange Commission. The regulatory body for the capital market based its decisions on security concerns and lack of regulations. The Consensus: Invest 2018 conference, hosted by CoinDesk on November 27, indicated that little has changed in this stance.

Chairman Jay Clayton Wants to See More Market Surveillance

Jay Clayton, Chairman of SEC since May 2017, spoke of the cryptocurrency market and crypto ETF proposals during the conference. The moderator of discussion was investor Glenn Hutchins of Silver Lake Partners. It is important to note that Clayton stated that the opinions are his own, and do not represent an official position of SEC.

He said that the cryptocurrency market needs to have better surveillance before he is “comfortable” with approving an ETF. He stated that, at the moment, crypto exchanges do not have the same…

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