The former SEC chairman will serve as the interim U.S. attorney for the Southern District of New York, and the appointment was accused by Democrats of conspiracy

CoinRank News: According to what U.S. President Trump posted on Truth Social on Wednesday, New York Senator and Democratic Minority Leader Chuck Schumer blocked Jay Claytons nomination, causing Clayton to currently serve in a temporary position, so the former chairman of the U.S. SEC will have to wait longer to officially become the federal prosecutor of the Southern District of New York (SDNY). Because the federal trial court of the Southern District of New York (SDNY) often hears major corporate criminal cases, the position of federal prosecutor has attracted much attention. I am very optimistic about this technology, Clayton said in an interview with CNBC in 2021. Some cryptocurrency experts praised him as more open-minded than his successor Gary Gensler. However, Clayton lacks prosecutorial experience, and Schumer claimed that the only reason Trump nominated the former regulator to this important position was to advance the presidents sinister conspiracy to ultimately pursue and prosecute his political opponents. Trump hit back on Truth Social, praising Claytons qualifications and experience and accusing Schumer of engaging in partisan politics. (Bitcoin.com)