News | 09.10.19
Clayton Sounds Alarm on Digital Currency Risks
SEC Chair Jay Clayton said he is troubled by serious risks posed to investors who want to trade securities tied to digital currencies such as Bitcoin, in response to a question at an event hosted by The Economic Club of New York. He said that, for those who want digital currencies to become part of mainstream investing, progress has been made when it comes to securing custody of cryptocurrency assets, but trading risks remained. "It troubles me that people look at the trading on these venues and they think it's got the same level of protection that you'd have on an equity market in the U.S.— NASDAQ, the NYSE," he said. "I'll just say it bluntly— nothing could be further from the truth."
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