Share this article
WATCH: SEC Chairman Jay Clayton's Full Consensus: Invest Interview
Clayton spoke Tuesday at the CoinDesk-organized event. Here's the full video of his fireside chat.
By Zack Seward
Updated Sep 13, 2021, 8:38 a.m. Published Nov 28, 2018, 9:57 p.m.
What do you get when you put the chairman of the U.S. Securities and Exchange Commission (SEC) in front of an audience of crypto insiders? An applause line, a word of warning and an analogy about theater tickets.
Jay Clayton took the stage Tuesday afternoon at the CoinDesk-organized Consensus: Invest conference in midtown Manhattan. In a lively conversation with investor Glenn Hutchins, Clayton shared his thoughts on what protections are still needed before the SEC issues key approvals relating to cryptocurrency trading.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Though his remarks on the SEC's determination that bitcoin does not have the attributes of a security drew applause, Clayton also delivered a quip aimed at startups funded via initial coin offerings: “Get your act together.”
He added:
“If you finance a venture with a token offering, you should start with the assumption that it is a security."
Clayton's Tuesday remarks offered hints about what lies ahead for the SEC, with the regulator ramping up recent actions against ICO startups and denying demands for an approved bitcoin ETF.
You can watch the full video of Clayton's fireside chat below:
Photo by Stan Higgins for CoinDesk
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Більше для вас
ETH, ADA, XRP Lead Gains as Bitcoin Edges Higher on Fed Rate Cut Expectations
Asian equities opened the week slightly higher ahead of a heavy run of central bank decisions, including a Federal Reserve meeting where markets have largely priced in a 25-basis-point rate cut.
Що варто знати:
- Bitcoin traded above $91,300 as Asian equities opened higher, with markets anticipating a Federal Reserve rate cut.
- Bitcoin rose 2% in 24 hours, facing resistance near $94,000, while Ether gained 3% to $3,135.
- Despite crypto market gains, sentiment remains cautious, with potential for a deeper slowdown without new liquidity.
Top Stories
