U.S. SEC Commissioner Criticizes Ripple Settlement, Warns Regulatory Authority is Being Undermined

According to ChainCatcher, as reported by Cointelegraph, SEC Commissioner Caroline Crenshaw publicly stated on May 8 that if the Ripple settlement agreement is approved, it will further undermine the SEC's legal credibility in cryptocurrency regulation and erode the court's role in interpreting securities law. She criticized that such settlements have become a "chain of concessions," harming investor interests and causing the SEC's internal legal position to waver continuously.