Jay Clayton, former SEC Chair, has been appointed as the interim US Attorney for the Southern District of New York. His appointment follows a blockade by Senate Democratic leader Chuck Schumer using a 'blue slip' to prevent a vote on his formal confirmation. Clayton will serve in this interim role for up to 120 days, during which he must achieve Senate confirmation or seek an extension. He succeeds Damian Williams, known for his involvement in significant cases, including those related to FTX. Clayton has indicated that his main priorities will include public safety, financial system integrity, national security, and combating fraud, especially targeting vulnerable populations. Although Clayton’s appointment was influenced by political maneuvering, President Trump expressed his support, emphasizing that Clayton met all Senate requirements. As the head of New York’s Southern District, he will manage a jurisdiction known for handling high-profile white-collar crime cases. Clayton has previously shown a favorable stance toward cryptocurrency, expressing belief in its technological potential, despite having restricted certain investment products during his SEC tenure.

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