Former SEC Chairman Jay Clayton Appointed as Acting U.S. Attorney for the Southern District of New York

According to Foresight News and reported by Cointelegraph, former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton has been appointed as the Acting U.S. Attorney for the Southern District of New York, succeeding Damian Williams, who played a key role in several high-profile cryptocurrency cases.

This appointment is temporary because Democratic Senate Leader Chuck Schumer used a "blue slip" to block Clayton's confirmation vote. Clayton can serve as acting U.S. Attorney for up to 120 days without Senate confirmation, with his term expected to last until around August 20.