Crypto VC Electric Capital Names Ex-SEC Chair Clayton as Adviser

Former Securities and Exchange Commission Chairman Jay Clayton has joined venture firm Electric Capital as an advisor, part of a growing wave of ex-regulators flocking to the crypto space as the industry faces increasing scrutiny.

<-bsp-person state="{"_id":"00000182-d02d-da0b-a1a3-f1bda6e30000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Kevin Warsh, a former member of the Federal Reserve Board of Governors, and <-bsp-person state="{"_id":"00000182-d02d-da0b-a1a3-f1bda6e30001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Pratiti Raychoudhury, vice president and head of research at Meta Platforms Inc., were also named as advisors, Electric Capital said Wednesday.

Clayton is already an advisor to crypto custody firm Fireblocks Inc. and One River Asset Management, a cryptocurrency-fund manager backed by Alan Howard. Others joining crypto include former commissioner ...