Outgoing SEC Chair Jay Clayton reveals what’s driving the rise of BTC
Cointelegraph
Published Nov 19, 2020 10:20PM ET
Updated Nov 20, 2020 12:00AM ET
The outgoing SEC Chairman Jay Clayton, who oversaw the rejection of nine Bitcoin ETFs during his tenure, has told CNBC that “inefficiencies” in the current payments systems are continuing to drive the popularity of Bitcoin.
Appearing on CNBC’s Squawk Box yesterday Clayton, who is due to step down by the end of the year, confirmed his agency’s general assessment that Bitcoin was not a security but a payment mechanism and store of value.
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Written By: Cointelegraph
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