Former SEC Chairman Jay Clayton will serve as the acting U.S. Attorney for the Southern District of New York

2025-04-18 08:34:08

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ChainCatcher news, according to Bitcoin.com, U.S. President Trump posted on Truth Social on Wednesday that New York Senator and Democratic Minority Leader Chuck Schumer blocked the nomination of Jay Clayton, leaving Clayton currently in an acting capacity. As a result, the former SEC chairman will have to wait longer to officially become the U.S. Attorney for the Southern District of New York (SDNY). The U.S. Attorney's Office for the Southern District of New York (SDNY) is often involved in significant corporate criminal cases, making this federal prosecutor position highly sought after.

Clayton stated in a 2021 interview with CNBC, "I am very optimistic about this technology." Some cryptocurrency experts praise him as being more open-minded than his successor Gary Gensler. However, Clayton lacks prosecutorial experience, and Schumer claims that the only reason Trump nominated this former regulator for such an important position was to advance the president's nefarious scheme of ultimately pursuing and prosecuting his political opponents. Trump responded on Truth Social, praising Clayton's qualifications and experience, and accusing Schumer of engaging in partisan politics.

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