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Crypto market put on notice — yet again

SEC Commissioner Jay Clayton is once again warning the crypto market about regulation.Lest his interest be underestimated, he wrote an op-ed with the headline “Regulators Are Looking at Cryptocurrency” published in the WSJ late Wednesday.Oh, and he co-wrote it with J. Christopher Giancarlo of the CFTC, which helps quash the idea that any crackdown could be made difficult by infighting between America’s two crypto-market regulators.From the op-ed:The SEC does not have direct oversight of transactions in currencies or commodities. Yet some products that are labeled cryptocurrencies have characteristics that make them securities. The offer, sale and trading of such products must be carried out in compliance with securities law. The SEC will vigorously pursue those who seek to evade the

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SEC Commissioner Jay Clayton is once again warning the crypto market about...

Alexandra Scaggs
Alexandra Scaggs is a markets reporter for the Wall Street Journal in New York. She writes about the U.S. stock market and investment trends. She also covers the business of markets research, writing on the calls, personalities and moves of high-profile analysts and strategists. Ms. Scaggs graduated from Washington & Lee University with a degree in business journalism.

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