• SEC elevates stature of FinHub
    Valerie Szczepanik is moving on up at the SEC, becoming the first director of a standalone FinHub (Photo: NYU)
    Regulation

    SEC elevates stature of FinHub innovation unit

    The Securities and Exchange Commission’s Strategic Hub for Innovation and Financial Technology is now a stand-alone division, giving newly minted director Valerie Szczepanik more influence

    December 3, 2020 /

    SEC Chairman Jay Clayton said elevating FinHub to a stand-alone office “furthers our commitment to facilitate the introduction of new technologies for the benefit of investors and the efficiency and resiliency of our markets.”

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  • Ratcliffe SEC investigate Chinese control crypto
    U.S. Director of National Intelligence John Ratcliffe is apparently concerned about Chinese influence over bitcoin (Photo: Office of the DNI)
    Bitcoin,  Cryptocurrencies,  Ethereum,  Politics,  Regulation,  Ripple

    U.S. intelligence head asked SEC to investigate Chinese control over crypto: Report

    The Washington Examiner reports that Director of National Intelligence John Ratcliffe asked SEC Chairman Jay Clayton to investigate the control China’s mining dominance gives it over cryptocurrency

    November 25, 2020 /

    The article said Ratcliffe’s letter represented “a push by President Trump's spy chief to convince the SEC to implement rules that make it easier for U.S.-owned cryptocurrency companies to compete against those based in and controlled by China.”

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  • payment systems push Bitcoin Clayton
    SEC Chairman Jay Clayton says the slow, costly payments system is pushing Bitcoin's adoption ahead (Photo: YouTube)
    Bitcoin,  Regulation

    Slow, costly payment systems push Bitcoin higher: SEC’s Jay Clayton

    The Securities and Exchange Commission’s chairman said the financial system’s inefficiencies will help crypto payment solutions arise; a new Senate ally will also help

    November 20, 2020 /

    Securities and Exchange Commission chairman Jay Clayton suggested that Bitcoin (BTC) is thriving thanks to the shortcomings of the traditional financial system.

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  • "Na na na na, na na na na, hey hey, goodbye." —Steam
    Bitcoin,  Cryptocurrencies,  People,  Regulation

    SEC Chair Jay Clayton stepping down early

    An unpopular figure in the cryptocurrency and digital asset industry, under Clayton the Securities and Exchange Commission declared almost all cryptocurrencies were securities, led a legal assault on ICOs, and blocked bitcoin EFTs

    November 16, 2020 /

    Clayton’s SEC brought 56 cases since its July 25, 2017 DAO report first declared virtually all ICO tokens were securities. It added that the SEC stopped 18 suspected frauds involving blockchain, digital assets, or distributed ledger technology.

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