Trump Appoints Former SEC Chair to DoJ: What is Jay Clayton Crypto Stance?
Donald Trump has appointed former SEC Chair Jay Clayton as the US Attorney for Manhattan, what does Jay Clayton crypto policy look like?
President-elect Donald Trump has announced the appointment of former SEC Chair Jay Clayton as the US Attorney for Manhattan.
This pivotal position, often referred to as the “Sheriff of Wall Street,” places Clayton at the forefront of complex financial prosecutions and sets the stage for a potentially transformative period within the Justice Department.
A Strategic Crypto Appointment For Jay Clayton
Jay Clayton’s leap into the role of US Attorney for the Southern District of New York is a piece of Trump’s grander plan to mold the Justice Department to his liking.
Clayton, known for his stint as the Chair of the Securities and Exchange Commission (SEC), carries a robust portfolio from his days at Sullivan & Cromwell and as an independent chair at Apollo Global Management Inc.
On Truth Social, Trump hailed him as a “highly respected business leader, counsel, and public servant,” nodding to his SEC legacy.
Jay Clayton, the former Chair of the Securities and Exchange Commission, has been announced as the incoming US Attorney for the Southern District.
I know Jay to be a straight shooter, an honest broker, and a rare sage in a hyper-partisan age. America will be fortunate to have…
— Ritchie Torres (@RitchieTorres) November 14, 2024
Clayton’s tenure at the SEC was all about shielding retail investors and building bipartisan bridges, with highlights like the DAO Report that pushed the SEC deeper into the crypto frontier.
He did introduce the lawsuit against XRP – so some in the industry are against him for that.