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Jay Clayton: It's clear bitcoin is not a security and is something retail investors want access toSecurities and Exchange Commission (SEC) Chairmen of both parties, Jay Clayton and Gary Gensler, have asserted regulatory power over digital assets and. Former Securities and Exchange Commission chair Jay Clayton is backing blockchain to bring technological innovation to financial services. crypto and blockchain regulation in the United States. He will be joined in conversation by Katya Fisher, CEO of Aracor, an AI-enabled legal.