Trump Considers XRP Foe for AI Czar Role Amid Ripple Controversy
US President Donald Trump is considering former SEC Chairman Jay Clayton for the role of AI Czar, responsible for artificial intelligence policies. Clayton's appointment to this position has raised eyebrows in the crypto community due to his past involvement in a securities case against Ripple (XRP). As AI Czar, Clayton would be tasked with overseeing and shaping the US government's approach to AI development and regulation.
Clayton previously initiated the securities case against Ripple during his tenure as SEC Chairman. This move was seen by some as an attempt to regulate or even ban XRP from being considered a security. If appointed, Clayton's role would give him significant influence over the development of AI policies in the US.