United States regulators believe they have adopted a “measured yet proactive approach” to cryptocurrency regulation which aids both retail and institutional investors.

That was the formal view of Jay Clayton, chairman of the U.S. Securities and Exchange Commission (SEC), who updated lawmakers on official policy on Dec. 10.

Clayton: SEC fosters innovation

Speaking in testimony before the Senate Committee on Banking, Housing, and Urban Affairs, Clayton highlighted the potential of blockchain technology in helping market participants amass capital. 

“As I have previously stated, I am optimistic that developments in distributed ledger technology can help facilitate capital formation, providing promising investment opportunities for both institutional and Main Street investors,” he said.

Summarizing, Clayton endorsed the SEC’s general tact on disruptive financial innovation:

“Overall, I believe we have taken a measured, yet proactive regulatory approach that both fosters innovation and capital formation while protecting our investors and our markets.”

ICO legal action complicated

While Clayton has sought to take a balanced view of cryptocurrencies in particular amid intense…

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Author: William Suberg


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