President Donald Trump says he plans to appoint James McDonald as US Attorney for the Southern District of New York, the federal prosecutor role that oversees many major Wall Street and financial crime cases. Multiple reports describe McDonald as a former Commodity Futures Trading Commission (CFTC) enforcer and as one of Trump’s lawyers. The appointment would be made to replace Jay Clayton, who is currently serving as US attorney in the district. One outlet reports that Clayton was nominated by Trump as director of national intelligence, noting that the nomination follows a period of congressional backlash related to a recent interim appointment in the intelligence and housing policy area. The reports indicate the administration’s intent to fill the SDNY seat with McDonald after Clayton’s departure from the post. Both accounts characterize the SDNY US Attorney position as a key role for federal enforcement involving Wall Street-related matters and high-profile cases.