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Ripple CEO Lashes Out at Former SEC Chair Jay Clayton Over His Comments
Ripple CEO Brad Garlinghouse has expressed strong criticism of former United States Securities and Exchange Commission (SEC) Chair Jay Clayton’s statements concerning the regulatory approach of the agency. In early 2023, the SEC began a series of regulatory actions targeting cryptocurrency exchanges and firms.
During a June 29, 2023 interview with CNBC, Clayton outlined his perspective that the SEC should initiate legal actions against specific companies solely when they possess substantial legal justifications. He underscored the importance of regulatory agencies introducing regulations and legal cases that they believe will withstand thorough judicial scrutiny.
Responding to the old tweet from June, shared by Cameron Winklevoss, Garlinghouse stated:
“Watching this clip makes my blood boil. The hypocrisy is shocking. @CNBC @SquawkCNBC should be calling him out for the bullshit. (As a reminder, jay
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