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Former Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton posted an article on the WSJ blog titled “America’s Future Depends on Blockchain.” The crypto community criticized him.
In the text, Clayton urged the US government to take advantage of blockchain technology. According to him, the state should act quickly.
“Siri, turn it on [песню] Ironic Alanis Morissette, ”wrote Ripple CEO Brad Garlinghaus.
Siri, play “Ironic” by Alanis Morissette…https://t.co/idRTZmDSbL
— Brad Garlinghouse (@bgarlinghouse) December 16, 2021
The day before his retirement, Clayton signed a lawsuit against Ripple. In December 2021, the non-profit organization Empower Oversight demanded that the SEC disclose documents, [4 — edge] regarding potential conflicts of interest in the actions of former high-ranking officials.
In August, human rights activists announced the probable affiliation of the former head of the corporate finance department of the regulator William Hinman, Jay Clayton and the head of the unit that filed the lawsuit against Ripple, Mark Berger.
“The joining of shameless opportunists like Jay Clayton to the crypto industry is a sign of positive development and shows how dangerous it is to wage a political battle against the fastest growing tech sector in the United States – the only one in which we completely dominate our rivals in China,” wrote Messari founder Ryan Selkis …
Having shameless opportunists like Jay Clayton join the crypto bandwagon is a positive development for crypto.
It shows how dangerous it’s getting politically to fight the highest growth sector of American tech — the only one where we completely dominate our rivals in China. https://t.co/mMVjwv7cQT
— Ryan Selkis (@twobitidiot) December 17, 2021
Fox Business previously published a large-scale investigation into the SEC case against Ripple. The journalists concluded that the regulator’s employees behind the filing of the lawsuit could be affiliated with Ethereum.
Recall that on December 23, 2020, Clayton left the post of chairman of the SEC, which he held since May 4, 2017. During his work, the regulator obtained orders for the payment of fines and refunds in the amount of more than $ 14 billion and returned $ 3.5 billion to investors.
Under Clayton’s leadership, regulated futures have been launched based on Bitcoin and Ethereum, but applications for launching exchange-traded funds based on the first cryptocurrency have not been approved.
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