Former Head of Crypto-Skeptical SEC Gets Blowback for Pro-Blockchain Op-Ed

Former Head of Crypto-Skeptical SEC Gets Blowback for Pro-Blockchain Op-Ed
Former U.S. Securities and Exchange Commission (SEC) chair Jay Clayton is receiving criticism for a pro-blockchain op-ed he wrote for the Wall Street Journal.In his piece, which was published Thursday, Clayton argued that the U.S. government needs to do more to harness the advantages of tokenization of assets via blockchain technology. For investors to pursue opportunities afforded by blockchain technology with confidence, they need assurance that they are protected by time-tested regulatory principles, he said.His op-ed attracted some rather disparaging responses from commentators in the crypto community, given how his pro-crypto position differs from that which punctuated his reign as…