President-elect Donald Trump’s administration, Jay Clayton, a former senior Wall Street regulator, said on Wednesday that Congress could potentially be appointee Jay Clayton, said Congress could Legislation on cryptocurrencies will be adopted.
Clayton also said he favors ease of regulatory burdens to encourage companies to be public, and the remarks foreshadow the broad public policy changes now expected by the industry, which have already been expected, and these changes have cost a lot of impact to impact this month’s election.
“I think we’ll see cryptocurrency legislation,” Clayton said at a securities lawyer gathering in New York. “I think if you solve some of the issues that can be addressed at the executive level and the executive level, then putting the cryptocurrency legislative Council on the way to It’s much easier.”
Under President Joe Biden, regulators have taken active enforcement actions against cryptocurrency companies and rejected the industry-required regulations.
Clayton, who played a role in Trump’s second administration, including the Attorney General, also described the huge differences in the Biden administration’s approach to market regulation and enforcement of the law.
Regulations requiring companies to disclose climate transition costs, such as those passed earlier this year by the Securities and Exchange Commission, which are “terrible” regulations because they can discourage companies from going public.
“If you’re thinking about going into the public market and seeing how it works in the system, do you really look like that? Do I have to collect all this data that is not related to my business running? Clayton said.
Clayton also said the jurisprudence of the Supreme Court, which recently cuts executive power, should encourage regulators to review existing litigation and regulations to see if they are still “viable.”
When asked about any plans to join the Trump administration, Clayton declined to comment on the details, but said: “If I were asked to have a role where I was effective, I would say yes.”
©Thomson Reuters 2024
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