In a meeting with CNBC Squawk Box posted Thursday, Clayton said bitcoin (BTC, -0.43percent) had the status as being a non-security at the SEC but this does not always mean it will not be managed.
"where assets which can be electronic by the end associated with the day are going to be driven in part by regulation both domestic and worldwide, and I also anticipate that regulation comes into play this area both directly and indirectly," stated Clayton about bitcoin.
The SEC that is former Chairman he was “speaking as a citizen” through the interview.
Under Clayton, the SEC cracked straight down on unregistered and fraudulent coin that is initial. The payment additionally refused to approve the effective use of any bitcoin funds which can be exchange-traded sued Ripple Labs.
The moms and dad business for the newly launched electronic asset investment One River Digital in March, Clayton took on an advisory role at hedge fund One River Digital Asset Management.
Clayton was additionally known as chairman that is non-executive of Global Management’s board of directors.