Jay Clayton Sworn in as U.S. National Intelligence Director
Prefer us on GoogleJay Clayton was sworn in as the U.S. National Intelligence Director, having previously served as the chairman of the U.S. Securities and Exchange Commission (SEC). The ceremony was conducted by White House Special Assistant Margo Martin on Tuesday. Clayton was confirmed by the Senate with a vote of 51 to 47, making him the highest-ranking official in the U.S. intelligence community. He will take over from Tulsi Gabbard and will be responsible for coordinating among the country's intelligence agencies. Clayton is known for the lawsuit against Ripple in the cryptocurrency sector. The SEC filed a lawsuit against Ripple Labs and its executives on December 22, 2020, which coincided with Clayton's last day in office as SEC chairman. The case continued during Gary Gensler's tenure after Clayton's departure. Ripple achieved significant victories in court, leading to changes in the SEC's approach to cryptocurrency assets. After leaving the SEC, Clayton altered his perspective on the digital asset sector and joined the advisory board of One River Asset Management. He also served on the advisory board of the cryptocurrency infrastructure company Fireblocks. Clayton made positive statements regarding blockchain technology and anticipated the emergence of comprehensive cryptocurrency legislation in the U.S.
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