Ripple CEO criticizes former SEC Chair Jay Clayton’s feedback

CEO Brad Garlinghouse strongly criticized former United States Securities and Alternate Fee (SEC) Chair Jay Clayton’s remarks relating to the company’s regulatory strategy. For the reason that first quarter of 2023, the SEC has initiated numerous regulatory actions in opposition to crypto exchanges and corporations.

Throughout an interview with CNBC on June 29, 2023, Clayton expressed his view that the SEC ought to pursue authorized motion in opposition to particular firms solely after they have sturdy authorized grounds. He emphasised that regulatory businesses ought to introduce rules and authorized circumstances they consider will efficiently face up to judicial scrutiny.

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