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- Jay Clayton after resigning from SEC in Dec 2020 has joined One River Asset Management regulatory advisory council. Clayton’s role has not been decided as of now but he will be a part of the regulatory advisory committee.
- Jay Clayton made efforts to define substantial increase in monetary remedies, possibly to the tune of over $14billion, and returning billions to harmed investors
Jay Clayton Joins One River Asset Management
Jay Clayton who has resigned from the Securities and Exchange Commission (SEC) in 2020 has joined One River Asset Management regulatory advisory council. It has just been three months since Clayton resigned from SEC and now in his new role with crypto investment manager, Clayton will be the part of the board of advisory regulatory board.
Clayton and Kevin Hassett of the Lindsay Group along with Jon Orszag from the Compass Lexecon, have joined the newly formed academic and regulatory advisory of One River Asset Management. However, the role of Clayton has not yet specified. Eric Peter, CEO, One River Asset Management said that he has brought the distinguished leaders under one platform with varying regulatory and policy experience.
On joining the firm, Clayton said that he was very impressed by Eric’s willingness to give chance to every individual and hear varying views on the digitization of our financial, banking and capital markets ecosystem and One River’s commitment to transparency. Before resigning from SEC, Clayton had served there for three and a half years. Under his tenure he made efforts to define substantial increase in monetary remedies, possibly to the tune of over $14billion, and returning billions to harmed investors.
Jay Clayton and One River Asset Management Being Big Part of Bitcoin
When bitcoin was on a bullish rally and showed signs of improvements, he was the witness to the last cryptocurrency bull market. In 2019, he had warned investors that they should not be dependent on the cryptocurrency as they would be sorely mistaken. If the traders believe that cryptocurrency would be treadable on major exchanges without more stringent regulations in place, then they will be highly inaccurate.
One River Asset Management emerged as a pivotal bitcoin player in late 2020 by scooping up $600 million in crypto assets. By the first half of 2021, the firm expected to own around $1billion worth of BTC and Ether (ETH). These targets have already been achieved, if the rapid appreciation of crypto assets so far this year.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
