Ex-SEC Chair Jay Clayton Joins Crypto Investor Electric Capital as Adviser: Report

The news continues a trend of regulatory experts sliding over to jobs in the crypto industry.

By Brandy Betz

Aug 24, 2022 at 3:19 p.m. UTC

Updated Aug 24, 2022 at 3:44 p.m. UTC

Former SEC Chair Jay Clayton (John Lamparski/WireImage/Getty Images)

Brandy Betz

Brandy covers crypto-related venture capital deals for CoinDesk.

Follow @BrandyBetz on Twitter

Electric Capital, a crypto-focused venture capital firm that raised $1 billion for two new funds earlier this year, has named former Securities and Exchange Commission (SEC) Chariman Jay Clayton as an adviser, according to a Bloomberg report.

The crypto investor also named two other advisers: Kevin Walsh, former member of the Federal Reserve Board of Governors; and Pratiti Raychoudhury, vice president and research head at Meta Platforms (META).

Clayton isn’t new to the crypto space since leaving the SEC. He is an adviser at digital assets custodian Fireblocks and at investment manager One River Asset Management.

Among other former regulators who have moved into crypto within the past year are ex-Commodity Futures Trading Commission heads Brian Quintenz and J. Christopher Giancarlo. Quintenz sits on investment giant’s Andreessen Horowitz’s crypto advisory panel, and Giancarlo is a strategic adviser at CoinFund.

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