Trump picks ex-SEC chair Jay Clayton as US Attorney for Manhattan
Analysis
Price Impact
LowClayton's appointment as us attorney for the southern district of new york could have a slight impact on crypto markets, as the southern district has been active in prosecuting crypto-related crimes. however, clayton's previous experience as sec chair suggests he may take a more cautious approach to crypto regulation than his predecessor, damian williams.
Trustworthiness
MedThe trustworthiness is medium because the impact of clayton's appointment on crypto is uncertain. his past experience in financial regulation may lead him to focus on traditional financial crimes, or his focus could shift to crypto regulations. it's too early to determine the specific impact of his appointment.
Price Direction
NeutralThe potential impact of clayton's appointment is unclear and could go either way. if he takes a more stringent approach to crypto regulation, the market could react negatively. however, if he prioritizes traditional financial crimes, it could be a positive development for the crypto space.
Time Effect
LongThe impact of clayton's appointment is likely to be felt over a longer period, as he will need time to establish his priorities and approach to regulating the crypto space.
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Brayden Lindrea 1 minute ago Trump picks ex-SEC chair Jay Clayton as US Attorney for Manhattan Former SEC Chair Jay Clayton has been given a new role by President-elect Donald Trump, who will be inaugurated on Jan. 20. 10 Total views News COINTELEGRAPH IN YOUR SOCIAL FEED Follow our Subscribe on United States President-elect Donald Trump has announced his former chair of the Securities and Exchange Commission Jay Clayton will serve as US Attorney for the Southern District of New York. Trump spoke highly of Clayton in the Nov. 14 announcement on social media platform Truth Social, noting that he has been a “highly respected business leader, counsel, and public servant.” ”Jay is going to be a strong Fighter for the Truth as we, Make America Great Again,” Trump said. Source: Donald Trump Clayton served as SEC Chair between May 4, 2017 until Dec. 23, 2020. He was nominated as SEC Chair by Trump during his first stint in presidency. Related: FBI busts $43M crypto and Las Vegas hospitality Ponzi scheme Trump will be inaugurated as the 47th US President on Jan. 20. Clayton will be replacing Damian Williams as Attorney for the Southern District of New York, who has brought dozens of cases against crypto criminals for committing wire fraud and money laundering. Magazine: FBI tokens, AI tokens and crypto wash trades: Crypto lawyers weigh in This is a developing story, and further information will be added as it becomes available. # Business # SEC # Elections # Donald Trump Add reaction