Former SEC Chairman Jay Clayton appointed as interim prosecutor for the Southern District of New York

According to Cointelegraph, former SEC Chairman Jay Clayton has been appointed as interim U.S. Attorney for the Southern District of New York, succeeding Damian Williams who has played a significant role in multiple high-profile cryptocurrency cases. This appointment is temporary in nature, as Democratic Senate leader Chuck Schumer used it on April 16th; Blue Single&34; Blocked the confirmation vote for Clayton. Senators can use&34; Blue Single&34; To prevent the nomination of US prosecutors or district court judicial nominees in their state. Clayton does not require Senate approval to serve as an interim United States prosecutor, with a maximum term of 120 days. Clayton's temporary position will continue until around August 20th. Afterwards, he needs to obtain approval from the Senate vote or a temporary extension from the Manhattan Federal Court.