He added: «If we don't stop the fraudsters, there is a serious risk that
the regulatory pendulum — the regulatory actions — will be so severe that they will restrict the capacity of this new security.»
«If we can't stop scammers, there is a serious risk that
the regulatory pendulum — regulatory actions — will be so strong that it will limit the ability of this new industry,» said Clayton during a speech at Princeton University on 5 April this year.