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Former SEC Chairman Jay Clayton to Advise One River Asset Management on Crypto
Clayton will join the firm's newly formed Academic and Regulatory Advisory Council along with economist Jon Orszag, and former White House adviser Kevin Hassett.
Former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton has taken an advisory role at hedge fund One River Digital Asset Management, the parent company of the newly launched digital asset fund One River Digital.
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In a press release on Monday, One River Digital Asset Management, which manages over $2.5 billion in institutional assets, announced Clayton will join the firm's newly formed Academic and Regulatory Advisory Council along with economist Jon Orszag, and former White House adviser Kevin Hassett.
Clayton led the SEC during its crackdown on unregistered and fraudulent initial coin offerings. During that time the commission also refused to approve the application of any bitcoin exchange-traded funds and sued Ripple Labs.
Institutional bitcoin firm One River Digital is backed by billionaire hedge fund manager Alan Howard and has invested $600 million in bitcoin and ether for institutional clients.
The new advisory council will be tasked with assisting One River Asset Management to navigate existing policies concerning digital assets.
"The One River Academic and Regulatory Advisory Council will help us consider how these new digital systems and the investment opportunities they present will best fit within existing policy, while also helping us think through how to advance these frameworks in ways that ensure the US continues to lead the world in financial innovation and asset management,” said Eric Peters, CEO of One River Asset Management.
Read more: Former SEC Chief Clayton to Chair Investment Giant Apollo
Earlier this month, Clayton was named non-executive chairman of Apollo Global Management’s board of directors.
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
