'Hard to resist' approving a Bitcoin ETF, says former SEC Chairman Jay Clayton
with CNBC, former SEC Chairman Jay Clayton shared his perspective on the evolving regulatory landscape for Bitcoin ETFs, highlighting the significant changes he has witnessed in market attitudes toward cryptocurrency since his tenure."This is an offshore, retail, nothing close to what I would say are the core of our financial markets," Clayton said of Bitcoin's early days.
However, Clayton acknowledged the impressive strides the industry has made, particularly in the realm of institutional investment. Companies with major reputations on the market are now embracing Bitcoin, indicative of growing confidence in the cryptocurrency sector's regulatory protections and trading capabilities.
"The fact that we have these institutions that know markets better than anybody and saying we're going to put our reputation behind it, I find that pretty remarkable," Clayton said.
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