The tea leaves were swirling Tuesday after Jay Clayton, chairman of the U.S. Securities and Exchange Commission, dropped some hints about what regulators in the United States will (and won’t) do in the crypto space in the coming months and years.
Clayton gave a fireside chat in front of a packed room at CoinDesk’s Consensus: Invest event in Manhattan yesterday afternoon. And while Clayton made it clear that he has given cryptocurrency a lot of thought over the last year, there was still plenty to read between the lines, including his thoughts on the exchange ecosystem and the question of when ICO-derived tokens count as securities.
Following the on-stage conversation, three longtime experts in crypto law dissected the nuances of what Clayton said during a taping of CoinDesk Live. We were joined by Caitlin Long, of the Wyoming Blockchain Coalition; Stephen Palley, of law firm Anderson Kill; and Lewis Cohen, of DLx Law.
While this panel of experts touched on a range of issues, there were some major takeaways to glean from Clayton’s talk.
Read more (link to video): 6 Big Takeaways from SEC Chair Clayton's Crypto Remarks