SEC Commissioner: If the Ripple Settlement Agreement is approved, it will weaken the SEC's legal credibility in crypto regulation

On May 8, Caroline Crenshaw, the commissioner of the Securities Exchange Commission (SEC), publicly stated that if the Ripple settlement is approved, it will further weaken the SEC's legal credibility in crypto regulation and erode the court's role in interpreting securities laws. She criticized such settlements as "chain concessions" that harm investors and destabilize the SEC's internal legal position.