Trump’s newest elect as US attorney is highly favored by the former and upcoming president. “Jay [Clayton] is a highly respected business leader, counsel, and public servant,” Trump said in a post to Truth Social. Clayton led the SEC during Trump’s first term as president from 2017 to 2021. While at the SEC, he pursued some crypto-related cases but was less aggressive at policing the industry. He was far less aggressive in attacking crypto cases than current SEC chair Gary Gensler. The crypto community is currently waiting to see if Gensler will resign as SEC chair.