Jay Clayton: It's clear bitcoin is not a security and is something retail investors want access to

Former SEC chair Jay Clayton joins ‘Squawk Box’ to discuss the SEC’s deferral of bitcoin ETF applications, which come days after a court ruled that the SEC’s rejection of Grayscale’s ETF application was ‘arbitrary and capricious’, the impact on the outlook, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi  » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cn