“This is not a settlement that I can support,” says SEC Caroline Crenshaw Slams Ripple VS SEC.

Update XRP lawsuit today: Ripple Labs and US Securities and Stock Exchange Committee (SEC) It has officially reached a settlement in their legal battle for a period of years. According to lawyer James K. VanBoth parties asked the court to approve the deal, which includes a $ 125 million penalty that Ripple paid and the return of $ 75 million from the guarantee.

The last steps in the CAC case against SEC

The court still needs to approve several final steps:

• Judge Torres must decide whether to be raised and allowed the distribution of guarantee funds – $ 50 million to the Supreme Education Council, and the remaining $ 25 million to ripples.
• Once approved, both sides will ask the Court of Appeal to detention in the case for its official closure.
• Next, Ripple and SEC will move to end their outstanding calls.

If these steps are completed, then one of the most prominent cases of encryption will be officially closed.

SEC Crenshaw Commissioner criticizes the settlement of the XRP lawsuit

However, not everyone in SEC on the plane. Disable Caroline Crincho publicly createdThe settlement called a “Organizational decline” And a threat to protect the investor.

“This is not a settlement that I can support,” said Crincho. “Ripple walks with a reduced penalty and freedom to sell XRP. This is not a victory. This is a decline.”

Crenshaw confirmed that Ripple was convicted of XRP illegal sales, but she received what she described as a “free pass.”

Do SEC lose its grip on encryption?

Crenshaw fiery opposition highlights the growing sections within the Supreme Education Council. She warned that the deal determined a dangerous precedent, which may weaken in the future to enforce the encryption in the future. Call Judicial audit From the settlement and warned that it may harm the confidence in the regulator.

While Ripple celebrates, the broader encryption market surrounds the SEC diluted position. XRP is optimistic about the wider market, but Crenshaw comments raises concerns about the future of American encryption organization.

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