Ripple (XRP) CEO Garlinghouse criticized the former SEC chairman

Ripple CEO Brad Garlinghouse has slammed former SEC chairman Jay Clayton in his recent comments regarding the US Securities and Exchange Commission's (SEC) approach to litigation.

In an interview with CNBC in June, Clayton suggested that the financial regulator should only pursue cases that pass judicial scrutiny.

Garlinghouse criticizes Clayton's ‘hypocrisy'.

Clayton said:

“When you have the power of the government, you only present cases and make laws that you think will pass due process.”

This statement drew the ire of Garlinghouse, who criticized the video and Clayton's hypocrisy.

Garlinghouse noted that the former SEC chairman launched an ongoing SEC lawsuit against Ripple in 2020.

The SEC's legal action is that the XRP token is a security, and Ripple's CEOs, including Garlinghouse and Larson, have raised more than $1.3 billion in sales.

he said:

“For the record, Jay Clayton filed the case against Ripple, me and Chris Larson. And the next day they left the building.

“The hypocrisy is shocking. CNBC, SquawkCNBC should be calling him out for his brutality, Garlinghouse added.

Pro-XRP attorney John Deaton joined in, protesting Clayton's hypocrisy. According to Deaton, the former SEC chairman “clearly pushed” to join Ripple's CEOs on the matter.

“[Clayton] He likes to sue executives because it ‘changes the dynamic' (ie it's a bullying/intimidation tactic) of the charges,” he added.

The SEC concluded that Clayton's hypocrisy became more apparent as there was nothing to substantiate the securities allegations against XRP.

“When you think about the hypocrisy of Clayton's comments, remember that he claims that ALL XRP is from the beginning to the end of the world, although the SEC can't cite a single case in history to support this absurd claim,” added Deaton.

XRP price is on.

As the SEC's legal dispute with Ripple unfolds, the regulatory body has faced a series of setbacks, including a landmark decision in July declaring that Ripple's XRP sale is not safe for the general public.

These losses led to the dismissal of charges against Ripple CEO Brad Garlinghouse and co-founder Chris Larson.

Ripple's XRP recently touched $0.57, its highest price since August, in a recent Bitcoin exchange-traded fund (ETF)-led bull run. The digital asset has returned to $0.54 as of press time, according to data from BeinCrypto.