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Former SEC Chairman Jay Clayton Warns of New Bitcoin Regulations
In a TV appearance, ex-SEC Chair Jay Clayton warned new regulations around bitcoin could be coming soon.
Updated Dec 6, 2022, 8:22 p.m. Published Apr 2, 2021, 4:28 p.m.
In an interview with CNBC's "Squawk Box" posted Thursday, Jay Clayton, the former chief of the Securities and Exchange Commission, said bitcoin was not considered to be a security at the agency but this does not mean it should not be regulated.
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- "Where digital assets land at the end of the day will be driven in part by regulation both domestic and international, and I expect that regulation will come in this area both directly and indirectly," Clayton said about bitcoin.
- The former SEC chairman stressed he was "speaking as a citizen" during the interview.
- Under Clayton, the SEC cracked down on unregistered and fraudulent initial coin offerings. The commission also refused to approve the application of any bitcoin exchange-traded funds and is suing Ripple Labs.
- In March, Clayton took on an advisory role at hedge fund One River Digital Asset Management, the parent company of the newly launched digital asset fund One River Digital.
- Clayton was also named non-executive chairman of Apollo Global Management’s board of directors.
Read more: Former SEC Chief Clayton to Chair Investment Giant Apollo
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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.
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CFTC's acting chief Pham poised to go to crypto firm MoonPay once Mike Selig lands
The leader of the derivatives regulator is planning to join the crypto industry as the CFTC and other federal regulators work on policies to benefit the sector.
What to know:
- Commodity Futures Trading Commission Acting Chairman Caroline Pham confirmed again that she's heading to crypto firm MoonPay when the Senate confirms her replacement and he's sworn in.
- President Donald Trump's CFTC chair nominee Mike Selig was set for a Senate vote Wednesday evening, according to that chamber's schedule.
- Selig, currently an SEC official, would arrive at the CFTC just as several of Pham's crypto initiatives have gone live.
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