State securities regulators, Finra and the SEC have also issued investor warnings about cryptocurrencies and Bitcoin since the beginning of the year.
Clayton also told his audience the SEC will move to finish rulemaking mandates under the Dodd-Frank Act. However, he stressed the SEC’s “limited resources” a number of times.
The SEC must “efficiently allocate the commission’s limited resources to a combination of statutory mandates and the needs of the day,” Clayton said, giving no more details on the SEC’s plans for the rule.