Is President Trump’s pick for DNI a bartered appointment to appease the corrupt Congress and intelligence community?
Mediaite and others reported on Thursday:
President Donald Trump nominated Jay Clayton, a former head of the SEC, to be the next Director of National Intelligence. Clayton’s nomination means that acting DNC Bill Pulte will not be formally nominated after stirring controversy with Trump putting him in the role.
“I am pleased to announce the Nomination of very Highly Respected Jay Clayton, former Chairman of the Securities and Exchange Commission, the former Head of Sullivan & Cromwell, one of the most prominent and successful Law Firms anywhere in the World, and the current United States Attorney for the Southern District of New York, to be the next Director of National Intelligence and, importantly, to serve in my Cabinet. Few people anywhere in the Legal Community are respected at the level of Jay. I encourage the United States Senate to confirm Jay as soon as possible. Thank you for your attention to this matter!” Trump wrote on Truth Social.
We previously reported on Clayton and his actions against XRP/Ripple days before he ended his time as the Chairman of the SEC in President Trump’s first term. We reported in September 2021:
Today we’ve uncovered a video that indicates former SEC Chairman Clayton was behind the SEC’s moves that created a favorable environment for two cryptos, Ethereum and Bitcoin, while he was SEC Head. He dropped a lawsuit on their largest competitor Ripple on his last day in office.
We asked the question, who made the call to give Ethereum an unfair advantage in the industry by labeling only Ethereum as a non-investment, allowing them to sidestep Investment-related regulations?
We found the answer to this question and it is the same guy who shackled Ripple on his last day in office, Jay Clayton.
In a video we found on YouTube Clayton is the one who directed Lowell Ness, a partner at Perkins Coie to draft the memo about Ethereum.
This video indicates Jay Clayton was with attorney Lowell Ness at a meeting at venture firm Andreessen Horowitz on January 25, 2018, where the former SEC Chairman asked them for advice and suggestions for a “playbook” that would essentially become the SEC Guidelines that would give Ethereum a ‘free pass’. This meeting was confirmed on Clayton’s calendar.
The Perkins Coie team then submitted their document to the SEC and presented their position in April, to the delight of SEC leadership.
VENTURE CAPITAL WORKING GROUP Submitted the “TOKEN SALE NON-EXCLUSIVE SAFE HARBOR” Document to the SEC on March 26, 2018
Brad Burnham (Union Square Ventures), -VCWG Member 8 Days Before Hinman Ethereum Free Pass Speech pic.twitter.com/SXJJoEv7rI— Digital Asset Investor (@digitalassetbuy) September 20, 2021
In June of 2018, Bill Hinman, Director of Corporate Finance of the SEC, gave a speech giving Ethereum and Bitcoin an advantage over all cryptocurrencies. Then Clayton slammed Ethereum’s competitor, Ripple, with a bogus lawsuit on his last day in office.