Outgoing SEC Chairman Jay Clayton Reveals What Is Driving BTC Rise

Outgoing SEC Chairman Jay Clayton Reveals What Is Driving BTC Rise

The outgoing SEC chairman Jay Clayton, who oversaw the rejection of Nine (BTC) of exchange-traded funds during his tenure, told CNBC that the “inefficiencies” of current payment systems continue to drive Bitcoin’s popularity.

Appearing on CNBC Squawk Box yesterday, Clayton, who must to resign by the end of the year, confirmed his agency’s general assessment that Bitcoin was not a security but a payment mechanism and store of value.

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