SEC Commissioner Crenshaw Slams Ripple Deal, Agency Direction Under Trump

Description

SEC Commissioner Caroline Crenshaw condemned the agency’s $50 million settlement with Ripple Labs, criticizing it as a retreat from investor protection and a sign of weakened crypto enforcement under the Trump administration’s influence.

Authors

Callan Quinn

Publish date

May 9, 2025

Publisher

Decrypt

Web URL

https://decrypt.co/318689/sec-commissioner-crenshaw-slams-ripple-deal-agency-direction-trump

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SEC reaches settlement with Ripple

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“We are today accepting a diluted settlement that erases the investor protections we already won, based on a non-existent framework that may or may not come to fruition potentially years from now,” she said.

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She also warned the move damages the SEC’s credibility, noting its lawyers "are being asked to take legal positions today contrary to the ones taken just months ago.”

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