Trump plans to nominate Jay Clayton as an “AI czar.”
Who is this person? The former SEC chair— the name the crypto industry from 2017 to 2021 feared the most. The DAO report was issued during his tenure, ICO regulation was tightened under him, and the framework of “all tokens are securities” was basically laid down by him.
Now he’s going to oversee AI.
But the question is— the crypto industry has just barely survived him, and survived Gensler. And now Trump is pulling former SEC people back again? During his time at the SEC, Clayton was tough on crypto. Now that he’s moving to AI policy, is crypto just a side effect—or is it the next blow?
I can’t say for sure what he’ll do. But the crypto community should be even more alert than I am.
Who is this person? The former SEC chair— the name the crypto industry from 2017 to 2021 feared the most. The DAO report was issued during his tenure, ICO regulation was tightened under him, and the framework of “all tokens are securities” was basically laid down by him.
Now he’s going to oversee AI.
But the question is— the crypto industry has just barely survived him, and survived Gensler. And now Trump is pulling former SEC people back again? During his time at the SEC, Clayton was tough on crypto. Now that he’s moving to AI policy, is crypto just a side effect—or is it the next blow?
I can’t say for sure what he’ll do. But the crypto community should be even more alert than I am.