Former SEC Chair Jay Clayton, known for initiating the lawsuit against Ripple, has been appointed as the Acting U.S. Attorney for SDNY. This appointment has ignited controversy due to his connections with the crypto community and the ongoing political dynamics.
Trump has circumvented the Senate confirmation process, causing worries among crypto investors about future regulations and political alliances. Clayton’s past involvement in crypto lawsuits raises questions about the reliability of crypto’s new allies.
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