New SDNY US Attorney to Cool Down Crypto Crackdowns after Bankman-Fried Conviction. The SDNY plans to scale back crypto prosecutions, focusing on high-profile cases like Sam Bankman-Fried's appeal. Trump announced pro-crypto former SEC Chair Jay Clayton as his choice for SDNY US Attorney, signaling a détente in crypto prosecution. Despite the shift, SDNY Attorney General Letitia James has been a vocal crypto critic, complicating immediate policy changes. #SDNY #Crypto #Regulation #BankmanFried #Trump