“If you look at different products or different aspects of what I would call the overall crypto ecosystem, [you] have products that span the jurisdiction of various domestic regulators, ” said Clayton. “So you had these global products and you’re trying to apply domestic regulation to them and then in applying domestic regulation to them you had products that had overlapping jurisdiction, and that made applying regulations challenging”
Former SEC Chair Jay Clayton Talks Rapidly Evolving Crypto Regulation Landscape
