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Former SEC chair Jay Clayton is now overseeing the trial of Tornado Cash developer Roman Storm, raising concerns in the crypto community. Clayton’s mixed history with crypto regulation adds complexity to the case, which could set a precedent for DeFi in the U.S.
- Jay Clayton, former SEC chair, is prosecuting Tornado Cash developer Roman Storm, raising concerns about DeFi's future in the U.S.
- Clayton's SEC legacy includes 57 cases against crypto firms, notably the Ripple lawsuit alleging unregistered securities sales.
- The trial could set a precedent for targeting software developers, with Storm warning, 'If I lose, DeFi dies with me.'
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