Friday, May 14News That Matters

Jay Clayton Joins Bitcoin-Rich Asset Management Firm

After retiring from the SEC, Clayton has joined One River Digital Asset Management as an handbook.

Key Takeaways

  • Clayton has joined the advisory council of One River Digital Asset Management, which oversees digital asset investments.
  • The investment firm itself owns over $600 million of Bitcoin.
  • After ending his duration of time as chair of the SEC, Jay Clayton is returning to proper roles in varied locations.

Aged SEC chair Jay Clayton has joined the advisory council of One River Digital Asset Management, a digital asset investment firm.

Clayton Now Consultant at Crypto Firm

Jay Clayton, who served as chair of the U.S. Securities and Alternate Commission between Would possibly per chance 2017 to December 2020, has taken advisory roles at a number of corporations.

Most as we converse, he has been appointed to the advisory council of One River Digital Asset Management, a famed crypto investment firm and a subsidiary of One River Asset Management.

Clayton acknowledged about One River CEO Eric Peters: “We were impressed by Eric’s willingness to listen to our varying views on the digitization of our monetary, banking, and capital markets ecosystem and One River’s dedication to transparency.”

Clayton is concept to be indubitably one of many crypto industry’s top villains for the reason that SEC declined to approve Bitcoin ETFs beneath his management. Below Clayton, the SEC moreover made it more durable for startups to trudge ICOs and most varied styles of preliminary tokens gross sales.

Alternatively, Clayton’s willingness to work with Bitcoin-adjoining corporations must aloof now no longer be completely surprising, on condition that he acknowledged that Bitcoin is now no longer a security in 2018. Now not like varied cryptocurrencies, Bitcoin by no methodology went thru an ICO or any varied fundraiser.

Along with serving on One River’s advisory council, Clayton will rejoin his outmoded law firm, Sullivan & Cromwell LLP, as a policy council handbook. He’ll moreover act as non-executive Chair of Apollo World Management Inc. and succor as Adjunct Professor at the College of Pennsylvania Carey Regulations College.

One River’s Cryptocurrency Wager

Sooner than the economic crisis ensuing from the response to COVID-19, One River CEO Eric Peters focused his approach essentially based totally on volatility, bringing in returns of spherical 35% in 2020. 

The firm has made necessary investments in Bitcoin. In November, it announced a $600 million Bitcoin prefer. In contemporary statements, Peters moreover confirmed that One River plans to amplify its Bitcoin and Ethereum holdings to $1 billion in the first half of 2021.

One River has moreover acquired monetary backing from the Brevan Howard Asset Management Fund and Ruffer LLP.

At the time of scripting this creator held Bitcoin and now no longer as much as $15 of altcoins.

The easy project on or accessed thru this web web site is got from unbiased sources we imagine to be appropriate and respectable, but Decentral Media, Inc. makes no representation or guarantee as to the timeliness, completeness, or accuracy of any knowledge on or accessed thru this web web site. Decentral Media, Inc. is now no longer an investment handbook. We manufacture now no longer give personalised investment recommendation or varied monetary recommendation. The easy project on this web web site is subject to swap without test up on. Some or all of the determining on this web web site could perhaps perhaps well unbiased change into out of date, or it could perhaps in point of fact perhaps well unbiased be or change into incomplete or wrong. We could perhaps perhaps well unbiased, but are now no longer obligated to, update any out of date, incomplete, or wrong knowledge.

You would possibly want to aloof by no methodology invent an investment resolution on an ICO, IEO, or varied investment essentially based totally on the determining on this web web site, and you’ll want to always aloof by no methodology clarify or otherwise rely upon any of the determining on this web web site as investment recommendation. We strongly counsel that you just seek the recommendation of an authorized investment handbook or varied certified monetary professional if you happen to are in quest of investment recommendation on an ICO, IEO, or varied investment. We manufacture now no longer net compensation in any make for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized gross sales, securities, or commodities.

Look pudgy phrases and stipulations.

$322 Million: How The SEC Can dangle to Settle With Ripple Labs Over XRP

The U.S. Securities and Alternate Commission handed down a $24 million slap on the wrist to for allegedly selling unregistered securities in its $4 billion ICO, begging the request:…

Biden Will Name Gary Gensler as SEC Chairman

President-elect Joe Biden has confirmed that he’ll name Gary Gensler because the next chairman of the U.S. Securities and Alternate Commission (SEC) in a brand novel announcement.  Gensler Will Become…

CFTC Chairman Who Declared ETH a Commodity to Resign

Heath P. Tarbert announced his plans to step down because the Commodity Futures Buying and selling Commission (CFTC) chairman in early 2021. “At the contemporary time, I’m asserting that I intend to resign my…

What Are Non-Fungible Tokens (NFTs)?

Tokenization is well-suited to commodities esteem fiat currencies, gold, and physical land. A fungible asset’s representation on blockchain makes commodities tradable 24/7 by without boundaries and frictionless transactions. Fungible goods are…

Be taught More