Trump appoints former SEC Chair Jay Clayton as US Attorney for Southern District of New York

Donald Trump, the President-elect, has announced that Jay Clayton, the former SEC Chair, will be appointed as the U.S. Attorney for the Southern District of New York. Clayton has advised several crypto firms since leaving the SEC in December 2020 and was responsible for the production of the SEC's DAO Report. He famously stated that most initial coin offerings were securities, a view shared by his successor, Gary Gensler. Trump described Clayton as a "highly respected business leader, counsel and public servant."