# Trump Nominates Former SEC Chair as SDNY Attorney

*Author: Jack Inabinet*
*Published: Nov 15, 2024*
*Source: https://www.bankless.com/clayton-redux-from-sec-to-sdny*

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A familiar figure who enforced securities regulations against the crypto industry under the previous Trump Administration may soon find himself back in power, this time as a chief federal prosecutor.

## **What’s the Scoop?**
- **Presidential Appointment:** In an [announcement](https://truthsocial.com/@realDonaldTrump/posts/113483513301208163) to Truth Social followers on November 14, President-elect Donald Trump made public his intention to nominate former Securities and Exchange Commission (SEC) chair Jay Clayton as U.S. Attorney for the Southern District of New York.
- **Key Enforcer:** Notably, the SDNY jurisdiction encompasses Manhattan; the trial district has long been one of the most active in the United States and often decides matters related to American financial institutions and the prosecution of white-collar crime.

## **Bankless Take:**
Trump presented himself as crypto’s champion on the campaign trail, but Clayton’s appointment as U.S. Attorney for a key federal prosecutorial district has offended many within the industry. While crypto participants remain optimistic for the impending Trump Administration embrace, Clayton’s appointment threatens to increase enforcement actions against blockchain-based issuers of unregistered security products.

> BREAKING: President-elect Donald Trump announced his intention to nominate former SEC Chairman Jay Clayton to be the US Attorney for the Southern District of New York. [pic.twitter.com/CAwbq9w9oT](https://t.co/CAwbq9w9oT)— Bloomberg Law (@BLaw) [November 14, 2024](https://twitter.com/BLaw/status/1857180810253648059?ref_src=twsrc%5Etfw)