Bitcoiners Hope to Have a Friend in Top US Regulator Jay Clayton

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Bitcoiners Hope to Have a Friend in Top US Regulator Jay Clayton
Bitcoin might have a mole, a sympathetic insider at the highest levels of the US financial regulatory apparatus, if recent ecosystem press accounts are to be believed. According to a US Securities and Exchange Commission (SEC) meeting transcript, SEC Chair Jay Clayton has privately expressed deep knowledge of cryptocurrencies, including during a heated exchange with staff. Looming spectres of exchange traded fund listings, deciding which digital assets constitute securities, and much more, mean crypto needs all the friends it can get.   

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Transcript: Jay Clayton Had Heated Exchange with SEC Staff Regarding Crypto
In early June, Eric Werner, Associate Director of Enforcement in the Ft. Worth Regional Office of the SEC, set about welcoming his boss to Houston during a roundtable meeting. Sunshine laws usually demand such events be recorded, and sometimes even transcribed word for word. That appears to be the case here, as Associate Director Werner was tasked with introducing SEC Chair Jay Clayton.

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