Trump Administration Eying Wall Street Lawyer Jay Clayton as SEC Head
- Jay Clayton has emerged as the frontrunner for SEC Head under the Trump administration.
The US Securities and Exchange Commission, one of the country’s paramount regulatory authorities, could be slated to get a new injection of leadership with the onset of Donald Trump’s presidency. One of the frontrunners to be the new head of the SEC in the Trump administration is Wall Street lawyer Jay Clayton, according to a recent Reuters report.
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The ultimate decision will be critical to reshaping US regulatory policy, which Mr. Trump has promised to change during his administration. Mr. Clayton presently serves as a partner at Sullivan & Cromwell, a group focusing on public and private mergers and offerings, with an emphasis on securities regulations and corporate governance.
The selection would also represent a continuation of a current pattern of picks in Trump’s administration, which has relied on outsider candidates and individuals with no previous political experience.
Presently, Mr. Clayton has also overtaken the former US Attorney, Debra Wong Yang, who was previously rumored to have been seen as a top candidate for the position. In addition to Ms. Yang and Mr. Clayton, the SEC commissioner Paul Atkins and lawyer Ralph Ferrara are also mentioned as potential picks for the role.
On Mr. Clayton’s part, he cut his teeth working with major firms, whilst navigating through the 2008 financial crisis. This included big banks and Barclays Capital's acquisition of Lehman Brothers' assets, the sale of Bear Stearns to JP Morgan Chase, and others.
Late last year, Mr. Trump added a vocal supporter of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term, picking Congressman Mick Mulvaney, Tea Party Republican, as his administration’s Director of Office of Management and Budget. He is considered a staunch fiscal conservative that wishes to drastically limit the federal government’s spending on social programs.
The US Securities and Exchange Commission, one of the country’s paramount regulatory authorities, could be slated to get a new injection of leadership with the onset of Donald Trump’s presidency. One of the frontrunners to be the new head of the SEC in the Trump administration is Wall Street lawyer Jay Clayton, according to a recent Reuters report.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
The ultimate decision will be critical to reshaping US regulatory policy, which Mr. Trump has promised to change during his administration. Mr. Clayton presently serves as a partner at Sullivan & Cromwell, a group focusing on public and private mergers and offerings, with an emphasis on securities regulations and corporate governance.
The selection would also represent a continuation of a current pattern of picks in Trump’s administration, which has relied on outsider candidates and individuals with no previous political experience.
Presently, Mr. Clayton has also overtaken the former US Attorney, Debra Wong Yang, who was previously rumored to have been seen as a top candidate for the position. In addition to Ms. Yang and Mr. Clayton, the SEC commissioner Paul Atkins and lawyer Ralph Ferrara are also mentioned as potential picks for the role.
On Mr. Clayton’s part, he cut his teeth working with major firms, whilst navigating through the 2008 financial crisis. This included big banks and Barclays Capital's acquisition of Lehman Brothers' assets, the sale of Bear Stearns to JP Morgan Chase, and others.
Late last year, Mr. Trump added a vocal supporter of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term, picking Congressman Mick Mulvaney, Tea Party Republican, as his administration’s Director of Office of Management and Budget. He is considered a staunch fiscal conservative that wishes to drastically limit the federal government’s spending on social programs.