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
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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.
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 (BTC, +1.68%) exchange-traded funds and sued Ripple Labs.