Jay Clayton, former SEC Chairman, becomes acting US Attorney for the Southern District of New York

On the 22nd (local time), Jay Clayton, a former Securities and Exchange Commission (SEC) Chairman nominated by US President Donald Trump, was elected to the New York Securities Exchange without the confirmation of the US Senate.
The U.S. Senate normally uses "blue slips" submitted by state senators to appoint federal prosecutors and district judges.
The measure would allow Clayton to serve as acting president for up to 120 days without a Senate vote, and then the Senate would approve a motion to suspend or reject the proceedings.
He will now need formal confirmation from the Senate or a temporary extension from a Manhattan federal judge. The appointment comes after former FTX CEO Sam Bankman-Fried
Damian Williams, who led high-stakes cryptocurrency cases, including the conviction of the CEO of Bankman-Fried
He will succeed Williams.
Meanwhile, Clayton served as SEC Chairman from May 4, 2017 to December 23, 2020.
He served as the head of the SEC's Board of Directors and is known as a cryptocurrency-friendly figure. During his tenure, he filed 56 enforcement actions against cryptocurrency companies.
In addition, in a December 2021 interview with CNBC, he said, "I'm a huge supporter of cryptocurrency technology," and "I see the financial system being transformed through tokenization."
"The efficiency improvement of the system is huge."