Ripple Lawsuit Architect Takes Over as US Director of National Intelligence
Jay Clayton becomes America's top intelligence official on Monday. He is the same man who, as SEC chairman, sued Ripple for $1.3 billion.
Bill Pulte announced the handover on Saturday. He has held the DNI job on an acting basis since June.
What Jay Clayton's DNI Move Means for Ripple
Clayton ran the SEC until December 2020. On his final full day, the agency sued Ripple.
The complaint named two executives as well. It said Brad Garlinghouse and Chris Larsen sold about $600 million of XRP themselves.
Judge Analisa Torres gave each side part of what it wanted. Only Ripple's sales to large institutions broke the law.
She fined the company $125,035,150. She also ordered it not to repeat those sales.
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