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Ripple CEO slams former SEC chair over regulatory approach critique

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Ripple CEO, Garlinghouse criticized SEC’s former chair Jay Clayton for his latest remarks.
The former chair urged the SEC to target specific companies on strong legal grounds.

Brad Garlinghouse, the CEO of Ripple [XRP], strongly criticized the former Chair of the United States Securities and Exchange Commission (SEC), Jay Clayton, for his remarks on the regulatory approach of the agency. These comments come against the backdrop of the SEC’s increasing regulatory actions against various cryptocurrency exchanges and companies since the first quarter of 2023.

During an interview with CNBC on 29 June 2023, Jay Clayton expressed his view that the SEC should only pursue legal action against specific companies. This is especially when they have strong legal grounds.

He emphasized the need for regulatory agencies to introduce regulations and legal cases that can successfully withstand judicial scrutiny.

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 clayton brought the case against ripple, me and Chris Larsen. And left the building the next day).

— Brad Garlinghouse (@bgarlinghouse) October 28, 2023

Garlinghouse critical of remarks amid lawsuit dismissal

Garlinghouse wasted no time in responding to Clayton’s remarks. Particularly in light of the SEC’s recent decision to dismiss allegations against Ripple without prejudice. He pointed out that the former SEC chair had initiated a lawsuit that had little chance of success in court.

This lawsuit, filed

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Author: Suzuki Shillsalot

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