Trump nominates ex-SEC Chair Jay Clayton for Manhattan U.S. Attorney.
Clayton lacks criminal law experience but has a strong background in finance.
Clayton’s appointment may face less resistance compared to past Trump picks.
President-elect Donald Trump has nominated Jay Clayton, former SEC chair as Manhattan’s U.S. attorney. As a consensus builder at the SEC, Clayton played a key role in shaping crypto regulations and is expected to leverage his financial expertise to the prominent office.
While some view the nomination as a stabilizing move, others have questioned Clayton’s lack of criminal law experience, which contrasts with the typical profile for this role.
As SEC chair, Clayton oversaw significant regulatory developments for the crypto industry. He played a key role in the creation of the SEC’s DAO Report, which established jurisdiction over decentralized autonomous organizations, and classified most initial coin offerings (ICOs) as securities.
One of Clayton’s final actions at the SEC was authorizing the lawsuit against Ripple Labs, a case that remains active in federal appellate courts today. His tenure demonstrated a strong focus on…
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