Crypto

Former SEC chair Jay Clayton, who approved Ripple lawsuit, takes office as U.S. director of national intelligence

Jay Clayton (제이 클레이턴), former chairman of the U.S. Securities and Exchange Commission, has been formally sworn in as U.S. director of national intelligence, after winning Senate confirmation by 51 to 47. His appointment draws attention in the cryptocurrency industry because the SEC filed a lawsuit against Ripple Labs and its executives on his last day in office in December 2020. After leaving the SEC, Clayton joined advisory boards tied to digital asset investment and crypto infrastructure.

AI & Enterprise

AMD revenue up 50 percent but shares fall

AMD posted second-quarter results that topped market expectations, but its shares fell in after-hours trading. CNBC reported revenue rose 50 percent from a year earlier to $7.69 billion, led by the data centre business, where revenue jumped 107 percent to $6.7 billion. Net profit was $2.3 billion. AMD forecast $13 billion in current-quarter revenue, above estimates but below some analysts’ expectations.