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Former SEC Chairman Calls for Nuance in Crypto Enforcement

Former U.S. Securities and Exchange Commission (SEC) Chairman, Jay Clayton, has voiced his opinion on the agency's current approach to enforcement in the crypto space. Speaking at a Bloomberg Invest panel, Clayton stated that while he supports the SEC and the law, the issue of crypto regulation should be treated with nuance.

Clayton emphasized that crypto and blockchain are just technologies and that using these technologies in different aspects of the financial system should be "non-controversial."

Clayton also highlighted the potential of tokenization and stablecoins, stating that using tokenized securities will probably be "more efficient than what we are doing today," and that stablecoins have a clear use case, allowing for conducting know-your-customer (KYC) and anti-money laundering (AML) procedures more efficiently.

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