Former SEC Chairman Jay Clayton to Serve as Interim U.S. Attorney for the Southern District of New York

PANews reported on April 18 that according to Bitcoin.com, the content posted by US President Trump on Truth Social on Wednesday, New York State Senator and Democratic Minority Leader Chuck Schumer blocked Jay Clayton's nomination, causing Clayton to currently be in a temporary position, thus the former SEC chairman will have to wait longer to officially become the federal prosecutor for the Southern District of New York (SDNY). Since the Southern District of New York Federal Prosecutor's Office (SDNY) is a federal court that often tries major corporate criminal cases, this federal prosecutor position is highly watched. Clayton told CNBC in a 2021 interview: "I am very optimistic about this technology." Some cryptocurrency experts praised him as more open-minded than his successor Gary Gensler. However, Clayton lacks prosecutorial experience, and Schumer claimed that Trump's nomination of this former regulator to this important position is solely to advance the president's sinister plot to ultimately investigate and prosecute his political opponents. Trump retaliated on Truth Social, praising Clayton's qualifications and experience, and accused Schumer of playing partisan politics.