New SEC Chairman Comments on a Bitcoin ETF Approval: Investor Protection, Market Manipulation

During a recent interview with FOX Business, Jay Clayton, the chairman of the U.S. Securities and Exchange Commission (SEC), explained that he is not against the digital currency, but he has concerns over manipulation. He also mentioned that he wants to ensure that investors are protected in this market. Jay Clayton Wants To Protect Investors The U.S SEC has analyzed the possibility to approve the first Bitcoin exchange-traded fund (ETF). Until now, the regulatory agency did not approve any Bitcoin ETF and might not do it in the near future. According to Chairman Clayton, they want to be sure that investors are protected against manipulation in the market. These comments that Clayton gave seem to be negative for those expecting the SEC to approve a Bitcoin ETF this year. Most of the analysts suggest that the first Bitcoin ETF could be approved in 2020. About manipulation and the crypto market, Clayton commented: "What I'm concerned about at the moment is if it can be reasonably