FT: Jay Clayton praises blockchain as he joins crypto platform Fireblocks

Jay Clayton, the former US Securities and Exchange Commission chair, has said he believes both in the promise of blockchain technology and the need for more regulation for the crypto sector.

“There’s a US government interest in ensuring that, to the extent the world starts to digitise, US regulation continues to be as robust, continues to be the gold standard, but also facilitates the adoption of the technology,” he told the Financial Times, as he joined the advisory board of digital asset infrastructure provider Fireblocks, which is backed by BNY Mellon.

“I’ve always loved the potential efficiencies of this technology,” he added. “But just because technology holds great promise doesn’t mean you can use it to evade the law.”

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