Jay Clayton reveals his distrust of the Bitcoin market but acknowledges the evolving perception and growing acceptance of Bitcoin trading. Former SEC Chair Jay Clayton recently shared his skepticism regarding trading in the Bitcoin (BTC) market during an interview on Squawk CNBC Box. Clayton, the SEC chairman from 2017 to 2020, expressed his reservations about The post ‘It Will Be Challenging to Resist Approving a Bitcoin Spot ETF,’ Says Ex-SEC Chairman first appeared on The Crypto Basic .