The post SEC Commissioner Crenshaw Slams Ripple Deal, Agency Direction Under Trump appeared on BitcoinEthereumNews.com.

In brief Ripple and its executives will pay $50 million in a settlement with the SEC announced Thursday. Commissioner Crenshaw says the move undermines enforcement and investor protections. The settlement comes as the SEC drops other crypto cases under Trump-era leadership. SEC Commissioner Caroline Crenshaw has publicly denounced the agency’s recent settlement with Ripple Labs, warning it marks a retreat from meaningful crypto enforcement and leaves investors exposed. “This settlement, alongside the programmatic disassembly of the SEC’s crypto enforcement program, does a tremendous disservice to the investing public and undermines the court’s role in interpreting our securities laws,” Crenshaw said in a statement following the announcement. On Thursday, the Securities and Exchange Commission said Ripple and its two top executives would pay $50 million to resolve the case, first filed in 2020 under then-Chair Jay Clayton.  The SEC had initially alleged that Ripple raised capital through the unregistered sale of XRP tokens and deprived investors of key disclosures. The case was a cornerstone of the agency’s crypto crackdown during Gary Gensler’s tenure, which saw action against major digital asset firms.  It was later determined by the courts that Ripple had violated securities laws in relation to institutional sales of XRP, but not in its programmatic sales to retail investors.  While the SEC initially sought a $2 billion penalty, a judge ultimately ordered Ripple to pay $125 million in civil penalties last year. Thursday’s deal vacates that penalty, returning over $75 million held in escrow to Ripple and lifting a prior injunction. Ripple and two of its executives, CEO Brad Garlinghouse and Executive Chairman Chris Larsen, will pay $50 million to settle the case. The SEC’s shifting stance on crypto Crenshaw’s term as commissioner ended in 2024, but the SEC allows for an 18-month extension after a term expires.  She expressed…

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Filed under: News - @ May 9, 2025 11:24 am