American lawyer.
Walter Joseph “Jay” Clayton III (born July 11, 1966) is an American attorney that served as the Chairman of the US Securities and Exchange Commission (SEC) from May 4, 2017 until December 23, 2020.
Jul 11th, 1966
American
University of Pennsylvania, BS, JD
King's College, Cambridge, BA
US Securities and Exchange Commission - Chairman - 2017-2020
University of Pennsylvania Law School - Lecturer in Law and Adjunct Professor - 2009-2017
Sullivan & Cromwell LLP - Partner
The price of XRP is responding positively to Ripple sealing agreements to several institutions who need varying services from the firm.
Ripple CEO Brad Garlinghouse reminds how Jay Clayton has pushed the case against Ripple while exposing his hypocrisy against the recent SEC actions.
Jay Clayton has a very positive disposition to Bitcoin (BTC) and Ethereum (ETH), both of which were classified as commodities by the SEC and the status was never challenged under his tenure.
However, the nomination of Gensler was not a smooth ride due to the political divide between the two leading parties.
During the three years that Clayton served as the chairman of the SEC, he was working with initiatives that advanced the economy’s growth.