Ripple’s CEO Brad Garlinghouse didn’t hold back when he hit out at the former Securities and Exchange Commission (SEC) Chair Jay Clayton following the latter’s recent interview where he spoke on the current regulatory landscape and alluded to the SEC’s abuse of power.
Why Ripple CEO Lashed Out At Clayton
In response to an interview of Clayton which resurfaced on social media, Garlinghouse posted on his X (formerly Twitter), calling out the former SEC Chair for his hypocrisy while labeling it as “shocking.” The reason for Garlinghouse’s anger isn’t farfetched as he seemed surprised that someone like Clayton could sit and have an interview where he talked about abuse of power.
Just like the Ripple CEO highlighted, Jay Clayton was the SEC chair when the SEC’s case against Ripple and its executives Garlinghouse and Chris Larsen was instituted. Considering how the case has panned out so far, one could argue that Clayton also abused his power as the case against Ripple’s
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