THELOGICALINDIAN - In a columnist absolution One River Digital Asset Management and its accomplice One River Asset Management appear the accession of Jay Clayton to its Academic and Regulatory Advisory Council Clayton is a above administrator of the US Securities and Exchange Commission SEC and is advised a detractor of cryptocurrencies
At atomic in convenance and beneath his administering (2017-2020), all requests fabricated to accept a Bitcoin-based Exchange Traded Fund were denied on several occasions. Clayton will activate his duties anon alongside Jon Orszag and Kevin Hasset.
Helping to appearance a new industry?
Clayton’s aftermost accommodation as arch of the SEC was to acquaint a accusation adjoin Ripple Labs, Brad Garlinghouse, and others for allegedly illegally affairs a security, the XRP token. For the time being, the parties accept been clumsy to achieve and are in the early stages of the acknowledged process. The above SEC administrator declared the afterward about abutting the close in a collective statement:
We were afflicted by Eric’s alertness to apprehend our capricious angle on the digitization of our monetary, cyberbanking and basic markets ecosystem and One River’s charge to transparency. We attending advanced to alive with One River as the furnishings of digitization on our markets comedy out beyond the globe
River Asset Management founder, CEO, and CIO Eric Peters had this to say about Clayton and the new additions to the firm’s team:
We are aflame to accept brought calm such a acclaimed accumulation with abysmal and capricious authoritative and action acquaintance and will abide to augment the board to accommodate anticipation leaders with assorted backgrounds and expertise.
Peters added that the board formed by Clayton is an article created to appraise crypto advance opportunities and how they can coexist with accepted policies. Despite Clayton’s clue record, Peters believes that his captivation will advice them to
think through how to beforehand these frameworks in means that ensure the US continues to advance the apple in banking addition and asset management.
Bitcoin is trading at $57,494 with 4.5% assets on the 1-hour chart, presenting alongside movement on the 7-day chart.
