Former SEC chairman Jay Clayton joins Electric Capital as an advisor
August 24, 2022
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Crypto-focused firm Electric Capital hires ex-president SEC Jay Clayton as consultant. This is stated in the press release. Pratiti Raichoudhury, vice president and head of research at Meta
Crypto-focused firm Electric Capital hires ex-president SEC Jay Clayton as consultant. This is stated in the press release.
Pratiti Raichoudhury, vice president and head of research at Meta and a former Board of Governors member, has joined the company for a similar position as the former official. fed Kevin Walsh.
Electric Capital noted that experts are invited to support Web3 projects and their founders.
“Building companies and protocols in Web3 is incredibly difficult. […] Electrical consultants are the world’s leading experts […] and we are ready to help portfolio projects deal with the problems.”
Founded in 2018, Electric Capital has invested in Bitwise, dYdX, Gitcoin, Immunefi, NEAR, Syndicate and other well-known projects.
In August 2020, the firm raised $110 million to launch its second fund. In the spring of 2022, it raised $1 billion to invest in various startups.
On December 23, 2020, Clayton resigned from his position as SEC chairman, which he had held since May 4, 2017. During its work, the regulator received orders for the payment of fines and repayment of funds in excess of $ 14 billion, returning $ 3.5 billion to investors.
Recall that in March 2021, the former official joined the One River Asset Management hedge fund’s advisory board on regulatory issues.
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