Earlier this week, US Securities and Exchange Commission (SEC) Chairman Jay Clayton said at a conference in New York that to approve a Bitcoin exchange-traded fund (ETF), the SEC needs to see a market that is free of manipulation. Clayton stated: “What investors expect is that the trading in that commodity that’s underlying the ETF is trading that […]

More than a dozen members of Congress have signed a letter asking Securities and Exchange Commission (SEC) Chairman Jay Clayton to clarify the guidelines the agency uses to determine whether cryptocurrency assets are securities under federal law. The letter, which according co-signer Rep. Ted Budd (R-NC) has already been signed by 15 lawmakers across the political spectrum, […]