The former president of the SEC, Jay Clayton, confirmed that he had been appointed American acting lawyer for the South New York district after the leader of the Democratic Party Senate used a “blue underwear” to block a vote confirming the position of Clayton.
The appointment comes just over five months after US President Donald Trump appointed Clayton to assume the role. He replaces Damian Williams, who played a major role in the conviction of the former CEO of the FTX, Sam Bankman Fried and other cases of high -level crypto.
Clayton said that on April 22, his main priorities would be to protect public security, to ensure the integrity of the American financial system, to defend the interests of national security and combat fraud, in particular against the elderly and the most vulnerable.
The temporary nature of the appointment of Clayton results from the use by Chuck Schumer, the chief of the minorities of the Democratic Senate, the head of the Senate minority, Chuck Schumer, a blue slip to block the confirmation of Clayton on April 16, actually preventing a vote in the Senate and the official confirmation of his position.
Blue slips can be used by senators to block the judicial candidates of American prosecutor or judicial district court in their states of origin.
Clayton is authorized to serve as an acting prosecutor for the United States up to 120 days without confirmation from the Senate. After that, he must be approved during a vote in the Senate or receive a temporary extension of his temporary status from the Federal Court of Manhattan.
Trump criticized Schumer’s move in a social post of truth on April 17, stressing that Clayton received bipartite support in the Senate and that Clayton respected all the requests that asked him.
The interim status of Clayton’s position will last until August 20 around August 20. The role will see him as the first agent of the police of the South District of New York, encompassing the counties of New York, Bronx, Westchester, Rockland, Putnam, Orange, Dutchess and Sullivan.
The South New York district is the oldest district of the United States Federal Court, and its location in the country’s financial epicenter means that it often manages highly publicized affairs involving a crime in white collar.
Clayton shared mainly positive views of the crypto
Clayton was president of the SEC between May 4, 2017 and December 23, 2020, and brought 56 cases against cryptographic companies during his mandate.
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He declared in an interview with CNBC in December 2021 that it was “a great believer to cryptographic technology”, adding that “the benefits of efficiency of the financial system and otherwise of the tokenization are immense.”
Clayton also congratulated Bitcoin (BTC) as an important value store, but did not allow negotiated products in exchange for Bitcoin during his dry chair time.
The first American Bitcoin investment product was approved in 2021 under the former SEC president, Gary Gensler,.
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