Former SEC chair Jay Clayton has confirmed that he was appointed as Interim US Attorney for the Southern District of New York after the Democratic Party’s Senate leader used a “blue slip” to hinder a vote that confirmed Clayton’s position.
The appointment came a little by five months after US President Donald Trump Nominated Clayton to pick up the paper. He replaced Damian Williams, who played a major role in convincing the former FTX CEO Sam Banke-frying and other cases of high-profile crypto.
Clayton Says On April 22, his leading priority was to protect public safety, ensuring the integrity of the US financial system, defending national security interests and fighting fraud, especially against the elderly and the most vulnerable.
The temporary nature of Clayton’s appointment results From Democrat Senate Minority Leader Chuck Schumer a blue slip to hinder Clayton’s confirmation on April 16, which effectively prevents a vote in the Senate and official confirmation of his position.
Blue slips can be used by senators to hinder the US lawyer or district court judicial nominees in their home states.
Clayton is allowed to serve as a temporary US lawyer up to 120 days without confirmation in the Senate. After that, he will need to approve a Senate vote or receive a temporary expansion of his temporary status from the Manhattan federal court.
Trump Punato Schumer’s move to a post in April 17 society, directed that Clayton received Bipartisan support In the Senate and Clayton complied with all the requests he was asked.
Clayton’s temporary position will last until around August 20. The paper will be seen as the leading law enforcement officer for the Southern District of New York, covering New York, Bronx, Westchester, Rockland, Putnam, Orange, Dutchess and Sullivan counties.
The Southern District of New York is the oldest federal court district of the US, and its location in the country’s financial center means it often holds in high-profile cases involving white-collar crime.
Clayton shares most of the positive views on crypto
Clayton served as the SEC chair between May 4, 2017, and December 23, 2020, and brought 56 cases against crypto companies During his tenure.
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She is Nakasa said In an interview on December 2021 CNBC he was a “big believer in crypto technology,” adding that “the benefits of financial system efficiency and otherwise from tokenization are immense.”
Clayton also praised Bitcoin (Btc) As a well -known value store, but not allowed products exchanged by the Bitcoin exchange in its time as a SEC Chair.
The first US Bitcoin investment product was approved in 2021 under the former SEC seat Gary Genses.
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