SEC Chairman: Will not change the securities law for cryptocurrency

Bloomberg published an interview with US Securities and Exchange Commission (SEC) Chairman Jay Clayton on August 27. Clayton said he does not want to change the securities laws to include or exclude digital assets in regulation. If there is a way to reduce the cost of international payments through technology, he fully supports it, but it cannot be achieved by sacrificing the basic principles of securities law and other laws. In addition, Clayton said he does not believe that all cryptocurrencies are the same. For example, he does not consider Bitcoin to be a security. However, he reiterated that the SEC has identified a number of ICOs that meet securities regulatory requirements.