One River Asset Management, a crypto investment manager has appointed Jay Clayton, the , former chairman of SEC that stepped down in 2020, to its regulatory advisory council.
The above stated appointment is coming three months after his resignation from United States Securities and Exchange Commission and the appointment shows changing of guard from the former securities regulator.
In addition to Jay Clayton, among the One River Asset Management’s newly appointed regulatory and academic advisory council are Kevin Hassett of The Lindsey Group and Jon Orszag of Compass Lexecon. Up till now, the role of Jay Clayton is yet unknown, but Eric Peters the CEO of One River stated that its goal is to bring to the board distinguished personnel’s with diverse regulatory and policy experience’
According to Clayton:
“We were impressed by Eric’s willingness to hear our varying views on the digitization of our monetary, banking and capital markets ecosystem and One River’s commitment to transparency,”
Clayton served a three-and-a-half-year stint at the SEC before resigning on Dec. 23, 2020. His tenure was defined by a substantial increase in monetary remedies, possibly to the tune of over $14 billion, and returning billions to harmed investors.