Trump considers former SEC Chairman Jay Clayton for AI czar role

  • President Donald Trump is considering U.S. Director of National Intelligence Jay Clayton for AI czar.
  • The SEC sued Ripple and its executives over alleged unregistered XRP securities offerings in December 2020.
  • Jay Clayton previously chaired the SEC during Trump's first administration.

President Donald Trump is considering U.S. Director of National Intelligence Jay Clayton for a proposed AI czar role overseeing U.S. artificial intelligence policy, Axios reported on September 29. Clayton previously served as chairman of the U.S. Securities and Exchange Commission during Trump's first administration. On the final day of his SEC tenure in December 2020, the agency sued Ripple and its executives, alleging that XRP sales constituted an unregistered securities offering. The possible appointment adds to earlier plans for an AI Force, while the position's precise responsibilities and relationship with that proposed agency remain undefined. Venture capitalist David Sacks previously held the AI czar role before leaving in March.

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