Clayton Takes Office as US Attorney for SDNY, Raising Concerns in Crypto Community

Jay Clayton, former Securities and Exchange Commission (SEC) chair, has assumed the role of U.S. Attorney for the Southern District of New York (SDNY). This appointment marks a significant shift, particularly given Clayton’s previous experience with cryptocurrency regulations and his history at the forefront of the SEC’s enforcement efforts. His new position grants him jurisdiction over Wall Street, an area he is deeply familiar with from his tenure as SEC chair. However, the move has raised eyebrows in the crypto community as it signifies a possible change in approach towards this emerging sector.