Former SEC Officials Clayton and Hinman Open Bitcoin/Ethereum Mining Farms

Excited about contributing to the infrastructure of the two resource-sucking cryptocurrencies for which they already gave regulatory clarity, former SEC officials Jay Clayton and William Hinman opened two massive Bitcoin and Ethereum mining farms Monday in China.

“What sounds better, 'Bill and Jay's Farm' or 'Jay and Bill's Farm'? Joked Clayton, laughing and socking his business partner on the arm. “I mean, you were just a director at the SEC, Bill—I was the Chairman. I think we'll go with 'Jay and Bill.' HAHAHAAA!”

“How the hell do these things work? I don't know,” said former SEC Chair Jay Clayton of his new Bitcoin and Ethereum mining rigs, “but I do know they aren't securities! HA!”

The move has some individuals raising eyebrows, particularly since the SEC sued blockchain payments company Ripple in December immediately before Clayton and Hinman's departure, claiming their sales of the digital asset XRP were securities violations.

“I don't know what to tell you,” said Hinman to XRP_Productions reporters. “If XRP holders are upset, maybe they shouldn't have bought an asset without clarity. Me and Jay did the responsible thing—we started our business around two cryptos that already have regulatory clarity. BWAHAHAHAAAAA!”

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