Ex-SEC Chair Sees Crypto Following Existing Legal Framework
- Jay Clayton joins advisory board of digital asset unicorn
- Clarity on taxation is ‘a good thing,’ former regulator says
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Former top securities regulator Jay Clayton sees existing U.S. regulations as a solid precedent for rules about cryptocurrencies.
Clayton -- who spent several years as chairman of the U.S. Securities and Exchange Commission -- is joining the advisory board of Fireblocks in the latest recruitment by a crypto firm preparing for greater government oversight. The company’s platform specializes in digital assets used for payments, gaming and non-fungible tokens, or NFTs.