Reported 8 days ago
President-Elect Donald Trump has named Jay Clayton, former chair of the SEC, as the U.S. Attorney for the Southern District of New York. This appointment comes as the SDNY plans to reduce its focus on cryptocurrency prosecutions, including notable cases like that of FTX's Sam Bankman-Fried. Trump aims to ease regulatory burdens on the crypto sector, signaling a shift in his administration's approach to cryptocurrency regulation as he prepares for his second term.
Source: YAHOO