Donald Trump has tapped up Jay Clayton to serve as Attorney for the Southern District of New York. The president-elect has turned to the man who served as the chair of the Securities and Exchange Commission (SEC) during his first term, despite having no previous experience as a criminal prosecutor. It is expected the 47th POTUS will introduce several pro-crypto personnel in positions across major federal financial regulators, while he previously committed to firing current SEC chair Gary Gensler on the first day of his second term. Trump commented on the nomination on his Truth Social network, adding “Jay is a highly respected business leader, counsel, and public servant.” If he takes up the role, the 58-year-old veteran corporate lawyer and former Wall Street regulator would be responsible for Manhattan in the heart of America’s most prestigious federal prosecutor’s office, the Southern District of New York. This location is home to the most significant financial institutions, bringing an array of high-profile cases to the Attorney’s desk. Crypto legislation likely to follow if Jay Clayton appointed During his time as SEC chair from 2017 to 2020, the office was responsible for several lawsuits brought against prominent crypto businesses, as well as fledgling projects.
Comment on Trump turns to former SEC chair Jay Clayton to fulfill top federal prosecutor role
Graeme Hanna, ReadWriteWeb
Fri, 11/15/2024 - 5:34am
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