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RE: Why U.S Restrictions on ICOs and Exchanges Is Likely

in #cryptocurrency6 years ago

I felt Clayton was very anti crypto during the hearing, and at times also seemed uncomfortable with the subject. Perhaps this from Wikipedia explains where his loyalties lie

"Clayton disclosed to the United States Office of Government Ethics that his clients have included Deutsche Bank, UBS, Volkswagen, SoftBank Group, The Weinstein Company, Reid Hoffman, Paul Tudor Jones, Ocwen’s leader, as well as both Pershing Square Capital Management and Valeant Pharmaceuticals.

Clayton earned $7.6 million a year from his firm and has a family wealth of at least $50 million, with his wealth management entrusted to Apollo Global Management, Bain Capital, J.C. Flowers & Co., and Richard C. Perry"
https://en.wikipedia.org/wiki/Jay_Clayton_(attorney)

Seems to very much be a Wall Street man