Manhattan's new top prosecutor shares fresh take on crypto and Wall Street rules
Former SEC chief **Jay Clayton** gets nod for Manhattanʼs lead prosecutor role focusing on financial oversight. His plans include faster deal approvals and new approach to digital money flows
Jay Clayton‚ picked just last week as Manhattanʼs next top prosecutor brings his wall-street know-how to the role (having led the Securities Exchange Commission before). The Southern District of New York office – known for its stand-alone approach from Justice Department will keep its focus on money flows and security
NYC stands as the main spot for money movement and talks which makes watching over it real important. Clayton points out: “Its basically continuing to establish that we play by the rules of the road here in the U.S“. His pick comes as part of recent high-level appointments by president-elect Donald Trump
The new pick shared his thoughts on deal-making saying merger approvals could move faster soon – but warned that deals need to keep shoppers happy: “If you want your M&A deal to go through and you want the government to feel good about it; make sure you have the consumer on your side“
When talking about digital money Clayton showed support for bitcoin saying it works as a smooth way to move value between markets. This fits with Trumps recent moves into crypto space who launched World Liberty Financial last fall. The ex-SEC boss noted: “It dont surprise me that people got it wrong“ about bitcoinʼs use-cases
