Adoptionbitcoin regulationCointelegraph.comInvestmentsSECsecurity

Former SEC Chairman Jay Clayton joins crypto advisory board

Clayton, who stepped down from the SEC in 2020, joins the regulatory advisory council at One River Asset Management.
Three months after resigning from the United States Securities and Exchange Commission, or SEC, Jay Clayton has joined the advisory board at crypto investment manager One River Asset Management, signaling a changing of the guard for the former securities regulator. Clayton, along with Kevin Hassett of The Lindsey Group and Jon Orszag of Compass Lexecon, joins One River Asset Management’s newly formed academic and regulatory advisory council, the company announced Monday. Although Clayton’s exact role within the advisory group wasn’t specified, One RIver CEO Eric Peters said his goal was to bring together distinguished individuals with “varying regulatory and policy experience.” “We were impressed by Eric’s willingness to hear our varying views on the digitization of our monetary, banking and capital markets ecosystem and One River’s commitment to transparency,” Clayton said. Clayton served a three-and-a-half-year stint at the SEC before resigning on December 23, 2020. His tenure was defined by a substantial increase in monetary remedies, possibly to the tune of over $14 billion, and returning billions to harmed investors. He was also present during the last cryptocurrency bull market when Bitcoin (BTC) mania reached mainstream investors. In 2019, Clayton warned investors they would be “sorely mistaken” if they expect that the cryptocurrency would be tradeable on major exchanges without more stringent regulations in place. One River Asset Management emerged as a pivotal Bitcoin player in late 2020 by scooping up $600 million in crypto …
Story continues on Cointelegraph

Related posts
Cointelegraph.comCryptoIndia

Indian crypto exchange execs intensify lobbying efforts to prevent ban

Cryptocurrency exchange operators in India are attempting to dissuade the government from banning digital currencies. Nischal Shetty, CEO of Indian crypto exchange WazirX, and other stakeholders in the industry are reportedly working toward convincing the government to adopt more nuanced…
ArbitrageBitcoin OptionsBTC priceCointelegraph.comMarketsParadigm

Do $100K–$300K Bitcoin call options signal a bullish BTC price path?

Derivatives exchanges now offer $100,000 to $300,000 Bitcoin call options but how keen are pro traders to take the bait? The open interest on Bitcoin (BTC) Dec. 31 call options between $100,000 and $300,000 reached an impressive 6,700 contracts, which…
BusinessCointelegraph.comdonationsLoansmicroloansNew York

Growth hacker uses crypto to help the unhoused

Giacomo Arcaro distributed more than $20,000 worth of Ether to some of New York City’s homeless population last weekend. Before the 2017 bull run, growth hacker Giacomo Arcaro often slept in his car. Now an entrepreneur who speaks at crypto…