Jay Clayton, the interim US Attorney for the Southern District of New York (SDNY) and former chair of the Securities and Exchange Commission (SEC), has made statements in criminal cases related to crypto fraud. The US Attorney’s Office announced that Eugene William Austin, also known as Hugh Austin, was sentenced to 18 years in prison for wire fraud, money laundering, and interstate transportation of stolen property conspiracies. Austin, along with his son Brandon, defrauded over 24 individuals of approximately $12 million through fraudulent crypto investment services. Clayton condemned Austin’s actions, stating, “For years, Hugh Austin was the leader of a fraud and money laundering scheme that stole more than $12 million from more than two dozen victims.” This marks one of Clayton’s initial public statements since assuming the role of interim US Attorney on April 22. The district witnessed the resignation of acting US Attorney Danielle Sassoon due to a case involving New York City Mayor Eric Adams. Under current regulations, Clayton can hold the position for 120 days without Senate confirmation, as Senate Minority Leader Chuck Schumer blocked a vote on his nomination. Clayton is expected to oversee the sentencing of former Celsius CEO Alex Mashinsky and other cryptocurrency-related cases in the district, known for its financial institutions. This development aligns with the SEC’s evolving stance on crypto regulations, leaving key inquiries unanswered.