“These platforms that these things trade on, they are very easily manipulated, and I don’t think investors understand that.” —Jay Clayton, Chairman, SEC
By Robert Schmidt & Ben Bain, Bloomberg|January 31, 2018 at 03:28 PM
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Several weeks after becoming the top cop for U.S. markets last May, Jay Clayton began reading everything he could get his hands on about bitcoin, realizing it was quickly evolving from a method of payment to a global investment craze.