Jay Clayton, who once served as the chairman of the U.S. Securities and Exchange Commission (SEC), led an agency that filed a milestone lawsuit against a company Ripple related to XRP. Now, it is reported that he is expected to be appointed as the new head of artificial intelligence affairs at the White House.

Clayton currently serves as the Director of National Intelligence for the United States. According to reports on Friday, despite this new appointment, he is expected to continue in his current role.

His career has encompassed various roles, from heading one of the major regulatory agencies on Wall Street, to providing advisory services for crypto companies, to becoming the highest-ranking federal prosecutor in Manhattan, and ultimately taking on the position of head of U.S. intelligence, with the potential to lead the development of artificial intelligence in the United States.

On July 28, the Senate confirmed Clayton as the Director of National Intelligence. Artificial intelligence was already part of the discussion at that time. During the confirmation hearing in July, Clayton described artificial intelligence as a "game-changer."

However, what Clayton is most widely known for is still his lawsuit against Ripple when he left SEC.

Clyton's加密履历

Clyton took over SEC in May 2017. At the beginning of his tenure, it was during the boom of initial coin offerings (ICOs).

In December 2017, Clayton stated that many of the token offerings he saw appeared to be securities offerings.

According to Commissioner Hester Pearce (Hester Peirce), Clayton once told legislators that he considered every token issuance he had seen to be a security.

Although Clayton regards Bitcoin, the leading cryptocurrency, as a commodity, he has not approved Bitcoin ETF.

However, what he is most known for is still filing a lawsuit against Ripple. SEC claimed that XRP's sales constituted the issuance of unregistered securities, and this legal battle initiated by Clayton was later taken over and pursued by Gary Gensler (Gary Gensler). In the end, SEC lost the lawsuit.

After leaving SEC, Clayton participated in several companies focused on cryptocurrency business. At the beginning of 2021, Clayton also joined the Academic and Regulatory Advisory Committee of One River Digital Asset Management. Coinbase acquired the latter in March 2023.

At that time, Clayton also stated that it was "inevitable" for the US spot Bitcoin ETF to be approved.