SEC Chair Jay Clayton Resigns

jay clayton the bankers grinch

The chairman of the Securities and Exchanges Commission (SEC) Walter Joseph “Jay” Clayton III, has resigned just after suing XRP, the third biggest crypto. “I recently submitted a letter to President Donald J. Trump informing him that today, December 23, 2020, will be my last day as Chairman of the Securities and Exchange Commission,” Clayton said. He will be remembered for many things, including the last minute rejection of the bitcoin ETF, the gestapo like investigations against ICOs, the Ripple lawsuit on the day of resigning, but above all he will be remembered for one thing. Under his leadership, America’s public servants at the SEC told the public that they will not innovate for you. “We are not going to innovate for you,” a SEC official said in 2018, showing the arrogance of this regulator has reached the point where they no longer think they are under the payroll of…

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