Ripple-SEC Deal Was in Trouble Even Before the Judge’s Ruling – Analyst

A rare public dissent from SEC Commissioner Crenshaw preceded the rejection of the deal Crenshaw argued the settlement would weaken the SEC’s authority and enforcement program Judge Torres’s final ruling directly aligned with the concerns raised by the commissioner In the aftermath of Judge Analisa Torres’s surprise rejection of the Ripple-SEC settlement, a new narrative is emerging: the warning signs were there all along. Legal analyst MetaLawMan is pointing to a rare public dissent from SEC Commissioner Caroline Crenshaw as the key signal that foreshadowed the deal’s collapse, suggesting the judge was not the only one with serious doubts. What Was the Dissent That Signaled Trouble? Before Judge Torres issued her ruling, SEC Commissioner Crenshaw took the unusual step of publicly stating her opposition to her own agency’s settlement with Ripple. In a powerful signal to the court, Crenshaw wrote, “I cannot support our settlement. I urge the courts to take a long hard look at the Commission’s attempt to claw back the meritorious claims it previously made.” According to Crenshaw, the deal would severely weaken the SEC’s authority and undo th… The post Ripple-SEC Deal Was in Trouble Even Before the Judge’s Ruling – Analyst appeared first on Coin Edition .

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