In brief

  • Former SEC chair Jay Clayton is now overseeing the trial of Tornado Cash developer Roman Storm, which is set to begin Monday.
  • Clayton led the SEC under the first Trump administration, and was recently appointed interim U.S. Attorney for the Southern District of New York.
  • Clayton’s crypto record is decidedly mixed: He initiated lawsuits against some of crypto’s biggest firms at the SEC, then worked in crypto, and is now overseeing Storm’s trial, which many in crypto worry could threaten DeFi in the United States.

Since President Donald Trump’s crypto-fueled return to office, the American digital assets industry has lost most of its favorite villains, and many of its most revered martyrs. 

But in the United States, at least one victim of the federal government’s so-called “war on crypto” remains: Roman Storm, co-founder of the popular coin mixing service Tornado Cash, who is set to go on trial Monday in New York for criminal conspiracy to commit money laundering and evading U.S. sanctions. 

And the man now leading the charge i

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Author: Sander Lutz

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