SEC commissioner criticizes Ripple settlement, warns of weakened crypto oversight
US Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw has strongly opposed the agency’s recent settlement with Ripple Labs, arguing that it weakens regulatory oversight and fails to protect investors.
In a May 8 statement, Crenshaw said the agreement undermines the court’s and the SEC’s authority to enforce securities laws. She warned that the deal is part of a broader retreat from effective crypto regulation.
The Commissioner stated:
“The settlement joins a line of dismissals that collectively erode the credibility of our lawyers in court who are being asked to take legal positions today contrary to the ones taken just months ago. And it stands in defiant contravention of the doctrine of regularity of…
