Jay Clayton foresees potential crypto regulations under Trump’s administration for clearer policies.
Crypto markets surged after Trump’s election, with Bitcoin hitting record highs nearing $90,000.
Clayton criticizes Biden-era SEC policies and sees evolving executive powers shaping future reforms.
Former SEC Chairman Jay Clayton hinted that a new set of crypto regulations could soon reshape the industry. Speaking at a securities law event in New York, Clayton predicted that Congress may enact digital asset regulations during President-elect Donald Trump’s tenure.
Clayton pointed out that a revised approach would likely provide much-needed clarity for the crypto industry. With the Biden administration taking an aggressive stance against crypto firms, the sector has been waiting for consistent rules. Clayton highlighted obstacles in creating crypto-specific regulations within the current system.
Clayton suggested that addressing some issues at the executive and administrative levels could streamline the process, creating an environment better suited to the industry’s needs.
Crypto Market Surges with ‘Trump Pump’ as Leaders Weigh In
Bitcoin surged…
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