After appointing Elon Musk as co-director of the future Department of Government Efficiency (DOGE), Donald Trump continues to shape his Administration in his image. Thus, the future president of the United States called on a former director of the SEC whom he knows well to appoint him federal prosecutor.
Former SEC Director as Federal Prosecutor for the Southern District of New York
Soon to be inaugurated as the 47th President of the United States, Donald Trump announced that Jay Clayton would be his federal prosecutor for the Southern District of New York. This trial court is known for having dealt with several cases linked to cryptocurrenciesincluding the lawsuit filed against former FTX CEO Sam Bankman-Fried.
Aged 58, Jay Clayton is known to have been the chairman of the Securities and Exchange Commission (SEC) between May 2017 and December 2020. Over this period, the cryptocurrency market experienced its first breakthroughs while lawsuits against players in the sector began to multiply.
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At the time, the former chairman of the SEC had notably brought lawsuits against Kik, Telegram or even Ripple whom he had accused of having raised $1.3 billion through the sale of his XRP tokens which, according to him, were not registered.
Following his tenure as head of the SEC, he joined the ranks of the law firm Sullivan & Cromwell LLP where he had worked in the past. He also joined the board of directors of the American alternative management company Apollo Global Management.
In 2020, Donald Trump previously tried to nominate Jay Clayton for federal prosecutor for the Southern District of New York. However, his defeat in the 2020 US presidential elections facing Joe Biden had cut short this desire.
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Freshly victorious in this year's American presidential elections against Kamala Harris, Donald Trump did not hesitate to offer the position to Jay Clayton. The future president of the United States confirmed his appointment in a publication on his social network Truth Social:
I am pleased to announce that Jay Clayton of New York, Chairman of the United States Securities and Exchange Commission during my first term, where he did incredible work, is hereby appointed United States Attorney for the Southern District of New York. Jay is a highly respected business leader, lawyer, and public servant.
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In the week following his election victory, Donald Trump proposed to several people to join his new Administration. So, Robert F. Kennedy Jr. should be Minister of Health, the representative Matt Gaetz should become Attorney General of the United States, and Senator Marco Rubio was offered the position of Secretary of State.
Perhaps the most anticipated nomination was that of Elon Musk, who had Vivek Ramaswamy, will co-lead the future Department of Government Efficiency (DOGE) who will have the heavy task reduce excessive regulation and wasteful spending while restructuring federal agencies “.
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Source: Reuters
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Surprised by the rise of crypto-assets at the end of the 2010s, I began to closely follow this sector which fascinates me to the greatest extent. When I'm not in football stadiums, rugby stadiums or handball halls, I work on writing relevant articles around cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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