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SEC’s Crenshaw slams Ripple settlement, warns of ‘regulatory vacuum’

cryptoweekly by cryptoweekly
May 9, 2025
in bitcoin, News
0

US Securities and Exchange Commission Commissioner Caroline Crenshaw says if approved, the settlement with Ripple would join the long line of dismissals that is slowly eroding the credibility of SEC lawyers in court.

A crypto-skeptical commissioner at the US Securities and Exchange Commission has blasted her agency over its settlement letter that could finally end the Ripple legal saga.

The SEC and Ripple filed a joint settlement letter in a New York court asking for the August 2024 injunction against Ripple to be dissolved and $75 million of the $125 million in civil penalties held in escrow to be returned to the crypto firm, according to a May 8 statement from the SEC.

SEC Commissioner Caroline Crenshaw blasted the pending deal in a May 8 statement, saying it would damage the regulators’ ability to keep crypto firms in line and undermine the court’s ruling.

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  • How to build a Solana DApp for iOS and Android in 15 minutes, no back end needed
  • Swissquote ordered to curb impersonation, fraud attempts
  • Less than 15% Bitcoin left on crypto exchanges signals ‘supply problem’
  • Strategy set to post $13B Bitcoin gains, but revenue stalls
  • US Senate passes Trump’s budget bill without provision on crypto taxes
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