Jay Clayton, who Trump has selected as the next US Attorney for the SDNY, had previously filed a lawsuit against Ripple while serving as the SEC Chair. Despite Clayton's commitment to ceasing crypto crackdowns at the SDNY, he had kickstarted one of the most well-known cases.

To avoid the challenging confirmation process, Trump plans to exploit a procedural loophole, a move Senator Chuck Schumer has promised to oppose. This incident has raised doubts about the integrity of cryptocurrency's new political supporters.

The appointment of Jay Clayton as Acting US Attorney has stirred controversy in relation to the SEC's lawsuit against Ripple, which he initiated. Despite Clayton's role in the Ripple case, Trump aims to have him permanently appointed without full Senate confirmation. This has drawn criticism from Schumer, who questions Clayton's commitment to upholding the law.

The power dynamics in the crypto industry have become evident through Clayton's appointment, highlighting the uncertainties surrounding former adversaries turning into allies and the industry's reliance on political figures. The community is left questioning the potential shifts in support for crypto regulation among its current allies.