SEC Commissioner Caroline Crenshaw warned that the Ripple agreement erases prior legal victories and is based on an undefined future regulatory framework

Quotes that support claims

“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.

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.