tags. Translate text.
Original: "Jay Clayton, the former SEC chairman who sued Ripple for $1.3 billion, becomes US Director of National Intelligence on Monday. Bill Pulte, who had been acting DNI since June, announced the handover Saturday. Clayton's move from securities cop to top spy comes with zero power over crypto policy — but his past legal battle with Ripple still hangs over the token's market."
Translation: "Jay Clayton, den tidligere SEC-formand, der sagsøgte Ripple for 1,3 milliarder dollars, bliver USAs direktør for nationale efterretninger mandag. Bill Pulte, der havde været fungerende DNI siden juni, annoncerede overdragelsen lørdag. Claytons skifte fra værdipapirpoliti til topchef for efterretninger kommer med nul magt over kryptopolitik – men hans tidligere juridiske kamp mod Ripple hænger stadig over tokenets marked."
We need to be consistent: "DNI" is used, we can keep as DNI. Also "crypto" can be "krypto" but we'll use "krypto" or "kryptovaluta" depending. We'll use "krypto" for crypto.
Now h2: "From the SEC to the intelligence community" -> "Fra SEC til efterretningssamfundet" or "Fra SEC til efterretningsverdenen". We'll use "Fra SEC til efterretningssamfundet".
Next paragraph: "Clayton led the SEC's 2020 lawsuit against Ripple, naming executives Brad Garlinghouse and Chris Larsen for selling $600 million of XRP. Judge Analisa Torres later ruled that Ripple's institutional sales violated securities law, but programmatic sales to the public did not. She fined Ripple $125,035,150 and ordered it to stop institutional sales. Both sides dropped their appeals on August 7, 2025, ending the four-year case with the fine intact."
Translation: "Clayton førte SEC's sagsanlæg fra 2020 mod Ripple, hvor han nævnte direktørerne Brad Garlinghouse og Chris Larsen for at sælge XRP for 600 millioner dollars. Dommer Analisa Torres afgjorde senere, at Ripples institutionelle salg overtrådte værdipapirloven, men at programmatiske salg til offentligheden ikke gjorde det. Hun pålagde Ripple en bøde på 125.035.150 dollars og beordrede selskabet til at stoppe institutionelt salg. Begge parter droppede deres appeller den 7. august 2025, hvilket afsluttede den fireårige sag med bøden intakt."
Note: "programmatic sales" - in Danish we might say "programmatiske salg" but that's not common; maybe "automatiske salg" or "systematiske salg"? But we'll keep "programmatiske salg" as it's a legal term. Or we can say "salg til offentligheden via børser" but let's be faithful. We'll use "programmatiske salg" as it's understandable.
Next: "Now Clayton runs the Office of the Director of National Intelligence, a role he told senators he wants to keep 'fairly lean' — like a 'board of directors.' He agreed to review some of the staff cuts Pulte made."
Translation: "Nu leder Clayton Kontoret for direktøren for nationale efterretninger, en rolle, han har fortalt senatorer, at han ønsker at holde 'forholdsvis slank' – som en 'bestyrelse.' Han accepterede at gennemgå nogle af de personalenedskæringer, Pulte foretog."
We need to keep quotes.
Next h2: "What Clayton's new job means for crypto" -> "Hvad Claytons nye job betyder for krypto"
Next paragraph: "Short answer: not much. The DNI has no authority over the SEC, crypto rules, or XRP. But the timing isn't great for Ripple fans hoping for a friendlier regulatory climate. Clayton's history as the guy who sued them isn't forgotten. XRP traded near $1.08 on Sunday, up 1.9% on the day, but down 64% over the past year."
Translation: "Kort svar: ikke meget. DNI har ingen autoritet over SEC, kryptoregler eller XRP. Men timingen er ikke god for Ripple-fans, der håber på et mere venligt reguleringsklima. Claytons historie som manden, der sagsøgte dem, er ikke glemt. XRP handlede nær 1,08 dollars søndag, op 1,9 % på dagen, men ned 64 % over det seneste år."
Note: "near $1.08" - we can say "omkring 1,08 dollars" or "nær 1,08 dollars". We'll use "nær 1,08 dollars".
Next h2: "Pulte's parting moves at ODNI — and FHFA" -> "Pultes afskedsmanøvrer ved ODNI – og FHFA"
Next paragraph: "Before handing over, Pulte announced a fifth round of firings at ODNI, cutting roughly 30% of staff. That follows Tulsi Gabbard's earlier plan to shrink the office by 40% and cut $700 million from its budget before she resigned in June. Congressional aides say roughly 200 staff left or moved after June 1."
Translation: "Før overdragelsen annoncerede Pulte en femte runde af fyringer ved ODNI, hvilket skar omkring 30 % af personalet. Det følger Tulsi Gabbards tidligere plan om at skrumpe kontoret med 40 % og skære 700 millioner dollars fra budgettet, før hun trådte tilbage i juni. Kongresmedarbejdere siger, at omkring 200 ansatte forlod eller flyttede efter 1. juni."
Next: "Pulte returns full-time to the Federal Housing Finance Agency, where he's been acting DNI while also heading FHFA. In that role, he made crypto-friendly moves: in March 2025 he allowed crypto reserves to back mortgages, and in June 2025 he told Fannie Mae and Freddie Mac to count crypto in mortgage assessments. That's a direct contrast to Clayton's enforcement-heavy approach at the SEC."
Translation: "Pulte vender tilbage på fuld tid til Federal Housing Finance Agency, hvor han har været fungerende DNI, mens han også ledede FHFA. I den rolle lavede han kryptovenlige tiltag: i marts 2025 tillod han, at kryptoreserver kunne understøtte realkreditlån, og i juni 2025 bad han Fannie Mae og Freddie Mac om at tælle krypto med i vurderingen af realkreditlån. Det er en direkte kontrast til Claytons håndhævelsestunge tilgang ved SEC."
Note: "crypto reserves" -> "kryptoreserver" or "kryptovalutareserver"? We'll use "kryptoreserver".
Next: "Clayton's confirmation is set for Monday. Whether his intelligence role ever touches crypto is doubtful — but the industry will be watching anyway."
Translation: "Claytons bekræftelse er planlagt til mandag. Om hans efterretningsrolle nogens
