SEC Chairman Jay Clayton: Cryptocurrencies Like Bitcoin Are Not Securities

SEC Chairman Jay Clayton speaks with CNBC’s Bob Pisani about what he sees for the future of blockchain, cryptocurrencies and initial coin offerings (ICO).


  1. The only way it becomes a security is if and only if when an individual(s) In his position is “secured” with some type of Benefit($) from the cryptos. People need to understand these are politicians and business oriented people. If the kickbacks are not convincing enough then they simply will turn down any viable option vis à vis crytpo much less Bitcoin.

  2. Will never invest in Bitcoin. Because it's not a security. Thanks, SEC Chairman, Jay Clayton. Thanks for regulating. Follow the "RULES."…File the disclosure…"GO FIGURE."

  3. crypto's best kept secret- NewYorkCoin NYC – get in on ground floor- real big things happening retail landscape proven, merchants accepting it, get in today !

  4. Coins like bitcoin XRP etherium have been out for years without the SEC commenting whether or not they are a security. If the SEC can’t make a decision in 5 plus years allowing millions of people to invest, it should be against the law for them to come after anyone or company.

  5. When Ripple collects fees from customers using XCurrent, XRapid, XVia, XRP holders are not entitled to any of those profits. If Ripple goes bankrupt, XRP holders will not receive even a penny during the liquidation proceedings. XRP is not a security because it depends on the marketplace to accept & utilize XRP on a large scale to gain intrinsic value whether Ripple exists or not.

  6. Cryptocurrencies that supposed to replace the dollar, euro and yen are not a security, he clearly said that. XRP is a bridge currency to help settling international payment, its purpose is to be the global liquidity pair for multiple currencies around the world that is not tied to a single economy. Today the most liquid bridge currency is USD, and XRP is here to replace that. Owning XRP also doesn't give you any ownership to Ripple the company. I believe its pretty clear that XRP is a utility token and not a security.

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