SEC Collision: Ripple Settlement Sparks Outcry from Within

In a surprising move, the SEC and Ripple seek to dissolve an August 2024 injunction, sparking backlash from SEC Commissioner Caroline Crenshaw. She criticizes the proposed settlement as damaging to regulatory credibility and court authority. The settlement involves dissolving an injunction against Ripple, returning $75 million of $125 million in penalties. Ripple's XRP token's legality as a security is central to the case, which started in December 2020. The saga continues as approval from Judge Torres and further legal procedures are still pending.