Former SEC Chief Jay Clayton indicated that cryptocurrency legislation is likely during Donald Trump’s administration.
Crypto Legislation on the Horizon
Speaking at a meeting of securities lawyers in New York, Jay Clayton expressed optimism about forthcoming crypto regulations. He expects that crypto legislation will be easier to achieve when addressing certain executive and administrative challenges.
Comparison with Biden Administration Approaches
Clayton criticized the Biden administration's strict actions against crypto firms, noting that new SEC requirements on corporate climate transition disclosures could deter companies from public markets.
Clayton's Role in Future Administration
Clayton suggested that recent Supreme Court rulings should prompt regulators to reassess regulations and litigation. While he declined to confirm his willingness to join Trump's administration, he stated: "If asked for a role where I could be effective, I’ll say yes."
Jay Clayton's statements highlight the importance of legislative initiatives in the cryptocurrency space and his potential contribution to future administrations.
