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.
Similar Stories to Trump Turns To Former Sec Chair Jay Clayton To Fulfill Top Federal Prosecutor Role on Bing News
Graeme Hanna, ReadWriteWeb
Fri, 11/15/2024 - 5:34am
Topics: donald trump securities exchange commission sec potus gary gensler truth social jay wall street america s attorney s crypto telegram kik ripple xrp on wednesday nov reuters apollo global management sullivan cromwell fireblocks river image midjourney readwrite trump trump jay clayton attorney southern district york sec sec manhattan clayton clayton office appointed legislation term time responsible follow financial public
BING NEWS:
- Trump taps ex-SEC chair for top Manhattan prosecutor role as crypto cases wind down
The office, known for high-profile crypto cases, will allocate fewer resources to pursuing crypto firms in Trump's second term.
11/15/2024 - 7:05 am | View Link - Former SEC Chair Jay Clayton Tapped By Donald Trump For USDNY Attorney Role
Donald Trump has selected former SEC Chair Jay Clayton to serve as U.S. attorney for the Southern District of New York.
11/15/2024 - 7:02 am | View Link - Trump selects ex-SEC Chair Jay Clayton as Manhattan's top federal prosecutor
The appointment marks a transition for Clayton, the "Sheriff of Wall Street" who has no experience in criminal law.
11/15/2024 - 3:00 am | View Link - Trump Taps His Ex-SEC Chair Jay Clayton as U.S. Attorney for Manhattan
As SEC chair, Clayton focused on protecting retail investors and cultivated relationships with Republicans and Democrats.
11/15/2024 - 3:00 am | View Link - Donald Trump picks Jay Clayton, former SEC chair, for powerful U.S. attorney role
It's the office that prosecuted onetime Trump lawyer Michael Cohen, who's now one of Trump's most vocal foes. It also investigated Trump but did not bring charges over the hush money payments that ...
11/15/2024 - 2:17 am | View Link - More
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