Copyright © 2004-2021 LHCrypto
All rights reserved.


Head of SEC about cryptocurrencies

  • SEC_cryptocurrencies
Articles list

Markets are looking forward to the decision of the US Securities and Exchange Commission to legalize Bitcoin-ETF contracts. Against this background, a detailed interview with SEC chief Jay Clayton allowed shedding light on the regulator's point of view on this issue.

Sensational statements from the head of the SEC

Jay Clayton literally shocked the public with his statement. He said that bitcoin is much more than a security. At its core, tokens are more suited to this definition. And the cryptocurrency itself is a substitute for fiat money - the dollar, the euro or the yen. That is why so far the SEC cannot come to a common opinion regarding its prospects.

However, the regulator is not an opponent of the blockchain. He already perfectly understands the mechanism of its action, and the problem rests only in the pricing procedure. One of the obstacles was the increased asset volatility. Its lack of liquidity, combined with considerable popularity, attracts not entirely bona fide players to this field.

The second obstacle is pricing. Now bitcoin is sold and bought on hundreds of sites, where quotes can vary significantly. Therefore, the regulator needs an accurate understanding of exactly how Bitcoin ETF will determine quotes. However, work in this direction is already underway, and it is likely that the commission will approve a new contract.

Breakthrough time

Probably, at the beginning of next year the situation will change dramatically. On the NASDAK Exchange, there are plans to begin listing Bitcoin futures. To do this, it will have to find a common language with another regulator, the Commodity Futures Trading Commission.

In addition, Coinbase creates a platform for trading over-the-counter cryptocurrency countermeasures. This action is a prerequisite for the early recognition of Bitcoin as a full investment asset.

Probably, the SEC does not want to lag behind its colleagues. That is why Jay Clayton spoke in such a positive way. It is noteworthy that the implementation period for most projects is scheduled for the end of January 2019. It was then that one of the financial giants, VanEck Associates Corp, plans to launch its cryptocurrency trading platform. It will solve the problems with pricing and eliminate the likelihood of conflict of interest.

Are you ready to start?
Open Account Be a Partner

LH-CRYPTO is an online service for crypto-traders

LH-CRYPTO is an online service for crypto-traders. The service is available to everyone, except for the citizens of particular countries and several categories of people listed in the License Agreement. LH-CRYPTO is a free software for making conversion operations with CFDs on various financial assets nominated in cryptocurrencies.

The project does not manage funds and does not guarantee profits. The project only offers a service that allows to make conversion operations with cryptocurrencies on a specially configured software.

This website is maintained and supported by the following legal body:


All the settlements in this project are processed solely in cryptocurrencies. Conversion operations are processed on the terms of margin trading without a direct supply of underlying assets. According to the generally accepted term, these operations are called operations with OTC (over the counter) CFDs (contracts for difference).

Trading with OTC CFDs involves considerable risks. We recommend you pay the utmost attention to both theory and practice of margin trading before making any of such operations.

The services provided by this project are not available for: residents of USA, France, North Korea, Spain, Sudan and Syria.

visa mastercard 3D secure visa 3D secure mastercard