SEC Commissioner Crenshaw Blasts Ripple Settlement
The post SEC Commissioner Crenshaw Blasts Ripple Settlement appeared on BitcoinEthereumNews.com.
In a recent public statement, SEC Commissioner Caroline Crenshaw fiercely opposed the Commission’s settlement with Ripple and accused it of doing a “tremendous disservice” to retail investors. The Ripple case has been a cause célèbre in the crypto community for obvious reasons. It represented the extent of regulatory overreach in the Gensler era, and Ripple’s win was ultimately a positive development for the entire sector. Crenshaw Rejects SEC’s Ripple Settlement The Ripple vs SEC case has been a landmark saga in US federal crypto enforcement. After weeks of deliberation, the Commission finalized a settlement with Ripple yesterday, agreeing to return $75 million collected as a previous fee. However, Commissioner Crenshaw disputed the SEC’s decision with a cutting open letter. “If Ripple decides tomorrow to sell unregistered XRP tokens to institutional investors—in plain defiance of the court’s order—this Commission will do absolutely nothing about it.” she claimed Last December, political maneuvering from the Senate’s pro-crypto faction defeated Crenshaw’s efforts to win another SEC term. Since then, she has carried on the legacy of Gary Gensler, publicly criticizing the Commission’s pro-crypto turn on several recent occasions. Today’s Ripple letter is one of several such statements, and she did not mince words. The thrust of Crenshaw’s argument was essentially that the SEC hasn’t fully restructured US crypto policy yet. Whether or not the Commission can successfully loosen rules in the future, “that does not somehow alter the rules that were in place at the time that Ripple violated them.” In other words, she claimed that the Ripple settlement stands on a non-existent framework. Well, the current SEC commission DIDINT WASTE taxpayers money by reaching this settlement. It was Gary Gensler, Sen Wizzy Warren, Jamie Dimon and the other banking cabal who wasted millions of taxpayer dollars using Ripple as the scapegoat in their…
Filed under: News - @ May 10, 2025 12:28 am