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1/ A few reflections on @andrewrsorkin's interview of Jay Clayton last night. First off, it left me feeling more hopeful for #crypto's regulatory situation.
2/ Clayton and the SEC are not out to get #bitcoin and #ether, this should be obvious by now.
Reading between the lines of his words, it seems Clayton considers $BTC a currency, and $ETH a commodity.
Reading between the lines of his words, it seems Clayton considers $BTC a currency, and $ETH a commodity.
3/ In differentiating a currency from a commodity, he stressed that commodities generally have an “industrial use” beyond serving as a means of exchange.
Will be interesting to see how granular regulators get in classifying the great diversity of #cryptoassets before us.
Will be interesting to see how granular regulators get in classifying the great diversity of #cryptoassets before us.
