Possible next crypto czar, Jay Clayton, began crypto’s regulation-by-enforcement at SEC
The former SEC chairman who may be tapped to oversee the Trump administration’s AI work has a potentially divisive history as a watchdog of tech innovation.
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Summary
- Former SEC Chairman Jay Clayton is reportedly about to be named the U.S. AI czar.
- Clayton has a history overseeing emerging technology as former leader of the SEC, where he was responsible for the beginnings of the agency’s regulation-by-enforcement approach to crypto — including the enforcement case against Ripple Labs.
- The new czar job doesn’t seem to have the crypto component as it did when David Sacks held the inaugural role.
