U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton said his last day in office would be today, Wednesday, Dec. 23.
- Only the precise timing of this is a surprise. Clayton announced in November he would be leaving by the end of the year but hadn't specified a date.
- Clayton certainly knows how to leave on a high note. His last day comes 24 hours after the SEC filed suit against fintech firm Ripple as well as its CEO and chairman, sending shockwaves throughout the cryptocurrency industry.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.