Ripple CEO Brad Garlinghouse criticizes former US SEC Chair Jay Clayton for his comments about the ongoing lawsuit between the SEC and Ripple. Garlinghouse argues that the SEC's lawsuit against Ripple does not meet Clayton's own criteria for lawsuits and that Clayton's comments are hypocritical. Garlinghouse also criticizes the SEC's lack of clear guidance on what constitutes a security, and argues that the agency's lawsuit against Ripple is an attempt to regulate cryptocurrencies through enforcement.