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Tag: Jay Clayton

Changing Guard at SDNY: Damian Williams Steps Down Amid Crypto Crackdown!

Job Movements Mark Lagarde -
Damian Williams, the U.S. Attorney for the Southern District of New York and a key figure in high-profile crypto prosecutions, including the Sam Bankman-Fried (SBF) case, will resign on Dec. 13. Deputy U.S. Attorney Edward Y. Kim will serve as Acting U.S. Attorney until a Trump nominee, possibly Jay Clayton, takes over pending Senate confirmation.

SEC Approval Of Crypto ETF May Be Inevitable, Says Former Chair Jay Clayton.

Crypto tamir -
Bitcoin, Ethereum, and other leading cryptocurrencies are gearing up for a potentially significant month. Despite a recent dip in Bitcoin's value, possibly influenced by events in China, other major cryptocurrencies like Ethereum and XRP have also declined, especially after an anticipated market disruptor didn't come to fruition. Former U.S. Securities and Exchange Commission (SEC) chair Jay Clayton has indicated that the approval of a Bitcoin spot exchange-traded fund (ETF) is likely.

Bloomberg: Jay Clayton’s exit at SEC is excellent news for investor protection

Compliance tamir -
SEC Chairman Jay Clayton is leaving his position at the end of the year that after serving for more than three and a half years. He will conclude his tenure at the end of this year though his term runs through June. While Clayton is considered the man of Wall Street and Trump's likely successor Joe Biden is expected to tighten regulations and focus on retail investors and investor protection. Hence, he put Gary Gensler in charge of his financial policy transition team and maybe makes him Clayton's successor.

A REGULATOR’S STRONG WARNING TO FRAUDULENT ICO ISSUERS

Compliance tamir -
That's excellent news for investors protection but probably not so good news for crypto-issuers aiming at ICOs. According to...

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