Jay Clayton arrives in New York, what impact does it have on cryptocurrencies?

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On April 18, Bitcoin.com reported that US President Donald Trump posted on Truth Social about New York Senator and Democratic Minority Leader Chuck Schumer blocking Jay Clayton's nomination. This caused Clayton to remain in his current temporary position, and he had to wait longer to officially become the US Attorney for the Southern District of New York (SDNY).

SDNY is a place that handles many major corporate criminal cases, so the federal prosecutor position there has always been of special attention. Clayton stated on CNBC in 2021 that he was very optimistic about this technology, receiving praise from cryptocurrency experts due to his more open perspective compared to his successor, Gary Gensler.

However, Clayton lacks prosecutorial experience, and Schumer believed the only reason Trump nominated Clayton to this important position was to promote a scheme to pursue and prosecute his political opponents. Trump objected on Truth Social, praising Clayton's qualities and experience, and accused Schumer of engaging in partisan politics.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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