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

Description

SEC Commissioner Caroline Crenshaw sharply criticized the proposed $50 million Ripple settlement, warning it undermines prior court rulings, weakens the agency’s legal credibility, and risks creating a regulatory vacuum in crypto oversight if approved.

Authors

Stephen Katte

Publish date

May 9, 2025

Publisher

Cointelegraph

Web URL

https://cointelegraph.com/news/sec-commissioner-slams-proposed-settlement-ripple

Referenced by

SEC reaches settlement with Ripple

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At the same time, Crenshaw argues that if Judge Torres accepts the settlement, it would erase “the investor protections we already won” and leave a “regulatory vacuum,” until the crypto task force hammers out a regulatory framework.

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Under the Trump administration, the SEC has slowly been walking back its hardline stance toward crypto firms forged under former SEC Chair Gary Gensler’s reign, dismissing a growing number of enforcement actions against crypto firms.

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