US Intelligence Chief Raises Concerns With SEC Over China’s Crypto Dominance: Report
U.S. intelligence chief John Ratcliffe was reportedly seeking clearer regulation around digital currency.
Clayton will join the firm's newly formed Academic and Regulatory Advisory Council along with economist Jon Orszag, and former White House adviser Kevin Hassett.
Clayton was named chair after longtime Apollo chief Leon Black unexpectedly called it quits Monday.
In a TV appearance, ex-SEC Chair Jay Clayton warned new regulations around bitcoin could be coming soon.
The news comes a day after former Chairman Jay Clayton announced that yesterday was his last day.
Clayton announced in November he would be leaving by the end of the year but hadn't specified a date.
SEC Chairman Jay Clayton has been nominated to become the U.S. Attorney for the Southern District of New York, replacing U.S. Attorney Geoffrey Berman, who said he had not resigned.