President-elect Donald Trump has nominated Jay Clayton, former Chairman of the U.S. Securities and Exchange Commission (SEC), as the U.S. Attorney for the Southern District of New York, a powerful prosecutorial office responsible for high-profile financial fraud cases. Clayton, who lacks prosecutorial experience, previously served under Trump as SEC Chair and has since worked with Sullivan & Cromwell and Apollo Global Management. His nomination comes after a previous attempt by Trump in 2020, which faced opposition. Known for bringing fewer insider trading cases during his SEC tenure, Clayton's appointment could signal a shift in focus towards criminal law enforcement. Trump's latest decision has been communicated via Truth Social, emphasizing Clayton as a 'strong Fighter for the Truth'. The nomination is subject to Senate confirmation, amid broader Republican debates on trade tariffs and economic policies.