Jay Clayton: Interim Attorney or Just the Senate's Latest Jester? 🎭

Ah, mes chers amis, lend me your ears! The illustrious former Chair of the Securities and Exchange Commission, one Jay Clayton, hath been dubbed the interim US Attorney for Manhattan’s Southern District. How, you ask? By the whimsical will of the Senate, or rather, by the crafty use of a “blue slip” wielded by the grand sorcerer of Senate delays, the Democratic Party’s own Senate leader. 🎩✨

Pray, this noble appointment arrive but five moons after the ever-valiant President Trump—ever the master puppeteer—nominated our hero. Clayton doth replace Damian Williams, the brave warrior who bested the mighty FTX CEO, Sam Bankman-Fried, and wrestled other fearsome crypto beasts.

On the twenty-second day of April, Clayton proclaimed his sacred mission: to guard the public’s safety as a lion guards its den, to shield the financial realm from treachery, to defend the kingdom’s secrets, and to vanquish the fraudulent knaves, especially those who prey upon the venerable and fragile. 🦁💼

Yet, beware! The tenure of our interim savior is but a fragile hourglass, thanks to Schumer’s blue slip blockade—an ancient Senate spell to halt confirmation votes with a flick of a pennant. Thus, our Clayton doth reign for a mere 120 days without the Senate’s blessing, after which he must seek their favor again or petition the federal court for an extension. 🎭⚖️

Trump, ever the town crier, bellowed on Truth Social that such antics by Schumer were naught but folly and that Clayton, true to form, had appeased all demands—bipartisan applause notwithstanding.

Jay Clayton portrait

Until the twentieth day of August approaches, Clayton shall hold the reins as top law enforcer in this venerable and distinguished district, spanning realms from New York to Sullivan—where finance doth flourish and scandals bloom like wildflowers. 🌸💰

The Southern District, oldest of the federal courts, is ever the stage for dramas of high finance and white-collar villainy, where the stakes are as high as a tragicomedian’s farce.

Clayton and Crypto: Love, War, or Just a Bit of Both?

During his tenure as SEC Maestro from May 2017 till the year’s end in 2020, Clayton launched 56 assaults upon crypto firms—a veritable siege! Yet, lo and behold, in a December 2021 interview, he confessed himself a “huge believer in crypto,” praising the magic of tokenization and the immense efficiency it brings to the financial theater. 🎩💸

He hailed Bitcoin as a grand old store of value but forbade Bitcoin exchange-traded products from taking the stage during his reign. The first US Bitcoin investment product only saw the light in 2021 under the baton of Gary Gensler, Clayton’s successor.

2025-04-23 04:03

Jay Clayton: Interim Attorney or Just the Senate’s Latest Jester? 🎭

Clayton and Crypto: Love, War, or Just a Bit of Both?

Read More