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SEC Chairman Jay Clayton Steps Down with a Bang After Suing Ripple

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Wed, 23/12/2020 - 19:54
SEC Chairman Jay Clayton Steps Down with a Bang After Suing Ripple
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SEC Chairman Jay Clayton has informed U.S. President Donald Trump about stepping down as the head of the U.S. securities watchdog earlier today. 

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His final act was hitting blockchain company Ripple with a bombshell lawsuit right before ending his long-lasting tenure. 

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While it's not clear who will be the next SEC chair, Clayton states that the agency will continue to pursue its mission:             

"I know the women and men of the SEC will continue to pursue their mission — protecting investors, maintaining fair, orderly and efficient markets and facilitating capital formation — with passion, professionalism and mutual respect.  It has been the honor and privilege of my professional life to serve the public alongside them."

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