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Former SEC chair Jay Clayton, now interim US Attorney for the Southern District of New York, has begun addressing crypto-related criminal cases. His first public statement involved an $12M fraud scheme led by Eugene William Austin, resulting in an 18-year prison sentence.
- Eugene William Austin received an 18-year sentence for a $12M crypto fraud scheme involving his son.
- Jay Clayton's interim role as SDNY US Attorney may influence high-profile crypto cases, including Celsius' ex-CEO.
- Clayton can serve for 120 days without Senate confirmation, amid opposition from Senate Minority Leader Chuck Schumer.
📎 Related coverage from: cointelegraph.com