Trump’s Expected AI Czar Pick Jay Clayton Revives SEC Crypto Record

President Donald Trump is expected to name Director of National Intelligence Jay Clayton as his artificial intelligence czar, adding another role to his government portfolio. Clayton is expected to retain his position as DNI while taking on AI policy responsibilities. The role is not expected to cover cryptocurrency policy, which is handled separately by White House adviser Patrick Witt.

Clayton’s potential appointment has renewed attention on his record at the SEC. During his tenure, the agency established its Cyber Unit in 2017 to focus on digital assets, cryptocurrency violations and cyber-related misconduct.

Clayton’s Crypto Enforcement Record

By the end of 2020, the SEC said it had brought 57 cases involving initial coin offerings, blockchain technology or digital assets. The cases included alleged investor fraud and securities-registration violations.

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