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.