SEC Commissioner Critiques Ripple Settlement, Citing Risks to Retail Investors Amid Shifting Crypto Regulation
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SEC Commissioner Caroline Crenshaw publicly disagreed with the SEC’s Ripple settlement, claiming it harms retail investors. Crenshaw criticized the Commission’s inconsistent stance on crypto, fearing it undermines investor protections. The Ripple case highlights concerns over SEC’s shifting crypto policies and the need for credible regulation to sustain investor trust. SEC Commissioner Crenshaw raises concerns over Ripple settlement, citing potential harm to retail investors and the need for consistent crypto regulation. 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 DID NOT WASTE taxpayers’ money by reaching this settlement. It was Gary Gensler, Sen. Elizabeth Warren, Jamie Dimon, and the other banking cabal who wasted millions of taxpayer dollars using…
Filed under: News - @ May 10, 2025 2:16 am