Jay Clayton, the former chair of the US Securities and Exchange Commission, has been picked to lead a new Super Intelligence Force. President Donald Trump announced it in a Sunday post on Truth Social. Cointelegraph published the report on Oct 4, 2026, as part of its weekly Hodler's Digest. The article also describes Clayton as US director of national intelligence.
The appointment has upset people in crypto. The article names two groups who are unhappy that Clayton is now Trump's AI czar: Roman Storm and the XRP community, which it calls the XRP army. The excerpt does not say what each side's objection is.
In the same digest, veteran trader Peter Brandt has turned bullish. He says Bitcoin could reach as high as $600K by 2029. The same page listed Bitcoin at $86,440.53, so his top figure is roughly seven times that price. The excerpt does not include his reasoning.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this news changes nothing directly. A government appointment and one trader's long-range forecast do not set funding rates, trading fees or order-book liquidity on any of these exchanges, and the article reports no change to any of them. Holding costs still come from the funding rate each exchange publishes.
Source: cointelegraph — Former SEC boss made AI Czar, Bitcoin may hit $600K this cycle: Hodler’s Digest