Even amidst the current chaos and collapses that are permeating the cryptocurrency industry, Jay Clayton, former chair of the SEC, says that crypto can still contribute to improvements in traditional finance.
Negative press
Crypto has found an unlikely ally in the former head of the Securities and Exchange Commission (SEC), Jay Clayton. While crypto is being scorned and maligned to the heavens over the sequence of large exchange collapses, Clayton recently remarked in an interview that “the promise of distributed ledger technology is remarkable.”
Clayton is receiving some quite negative press over his remarks, and a pro-blockchain op-ed of his that was published in the Wall Street Journal was also deplored by several commentators.
Clayton tenure not kind to crypto
However, …