Wall Street's "top cop" announces resignation to make way for Trump oversight

ChainCatcher news, according to Jinshi reports, Manhattan District Attorney Damian Williams announced that he plans to resign on December 13, and his deputy Edward Kim will temporarily take over other duties.

After Donald Trump was elected President of the United States on November 5, he announced he would nominate former SEC Chairman Jay Clayton to manage the Manhattan District Attorney's Office. The Southern District of New York is renowned for its independent status and has handled many high-profile financial fraud cases.

During Williams' tenure, he completed the prosecution of former cryptocurrency exchange FTX founder SBF and family office founder Bill Hwang of Archegos.