Tag: Jay Clayton

SEC Chairman Jay Clayton: “I’m not going to change rules just to fit a technology”
Business

SEC Chairman Jay Clayton: “I’m not going to change rules just to fit a technology”

In a recent discussion, the US Securities and Exchange Commission (SEC) Chairman Jay Clayton highlighted his stance concerning cryptocurrencies, Distributed Ledger Technology (DLT), and securities laws. Ultimately, Clayton’s opinion suggests that most cryptocurrencies— including security tokens— are subject to the SEC’s existing securities regulations. The SEC’s Stance on Security Token Regulation Explained SEC Chairman Jay…

US Lawmakers to SEC Chairman Jay Clayton: Clarify Securities Token Classification
Business

US Lawmakers to SEC Chairman Jay Clayton: Clarify Securities Token Classification

In a letter dated September 28th, the Congress of the United States requested precise clarification concerning the designation of securities in the cryptocurrency space. The inquiry recognized the difference between digital tokens and securities, where the confusion of such has the potential to disrupt American innovation in both the financial and technology sectors. Uncertainty Surrounding…

SEC Chairman Suggests Changes to Securities Rules that Favor STOs
Business

SEC Chairman Suggests Changes to Securities Rules that Favor STOs

Jay Clayton, Securities and Exchange Commission (SEC) Chairman since January 2017, made a recent statement which featured positive reception throughout the larger security token community. Clayton advised that the SEC is strongly open to new ways in which smaller firms can acquire capital and consequently cultivate a successful business. Increased Access to Capital Clayton’s message,…