Bitcoin won’t be traded on real exchanges like Nasdaq or New York Stock Exchange any time soon — or so says US Securities and Exchange Commission chairman Jay Clayton.
“If [buyers] think there’s the same rigor around [Bitcoin’s] price discovery as there is on the Nasdaq or New York Stock Exchange … they are sorely mistaken,” said Clayton. “We have to get to a place where we can be confident that trading is better regulated.”
Clayton said pretty much the same thing a year ago
“What investors expect is that trading in the commodity that underlies that ETF makes sense and is free from the risk of manipulation,” said Clayton back then. “Those kinds of safeguards do not exist currently in all of the exchange venues where digital currencies trade.”
Seems not much has changed.