Decrypt and Coinpedia give opposite accounts of whether Jay Clayton was still SEC chair when the agency sued Ripple over XRP.
Decrypt and Coinpedia give opposite accounts of whether Jay Clayton was still SEC chair when the agency sued Ripple over XRP.
What all sources agree on
- Jay Clayton has been named to lead Trump's new "Super Intelligence Force" and is being reported as the administration's AI czar.
- Jay Clayton previously served as SEC chair.
- The SEC sued Ripple over XRP.
Where the reports disagree
1Whether Clayton was SEC chair at the time the Ripple lawsuit was filed
In December 2020, in one of his final acts as chair, Clayton's SEC sued Ripple for $1.3 billion.
Jay Clayton, the former SEC chair who left the agency before it sued Ripple over XRP, has been named President Trump’s AI czar
What would settle it: The SEC's own filing date and press release for SEC v. Ripple Labs, and the official record of Clayton's SEC chairmanship tenure dates.
What to make of it
Treat Clayton's appointment to the AI role as established, but the timeline of his SEC tenure relative to the Ripple lawsuit is disputed between these two outlets and should not be repeated as settled until checked against the SEC's own records.
Treat Clayton's appointment to the AI role as established, but the timeline of his SEC tenure relative to the Ripple lawsuit is disputed between these two outlets and should not be repeated as settled until checked against the SEC's own records.
