SEC Settlement with Ripple Raises Concerns Over Crypto Enforcement
- Ripple and its executives agreed to a $50 million settlement with the SEC.
- The case was initiated in 2020, alleging unregistered sales of XRP tokens.
- A previous court ruling found Ripple violated securities laws in institutional sales, not retail.
- An earlier $125 million penalty was vacated, returning over $75 million to Ripple.
- SEC Commissioner Caroline Crenshaw criticized the settlement as weakening investor protections.
Ripple’s $50 million settlement with the SEC concludes a case that began in 2020, returning over $75 million to the company and lifting prior penalties. Commissioner Crenshaw expressed concerns about reduced enforcement and investor protection.
Source (2.6)https://decrypt.co/318689/sec-commissioner-crenshaw-slams-ripple-deal-agency-direction-trump?rand=52368
