SEC – Settlement Reached in Ripple Case! Immediately Following Heavy Criticism from SEC Member!

By: bitcoin sistemi|2025/05/09 18:15:03

The U.S. Securities and Exchange Commission (SEC) announced on May 8 that a settlement agreement has been reached in the XRP lawsuit against Ripple Labs, CEO Brad Garlinghouse, and co-founder Christian Larsen.According to the agreement, the SEC and Ripple will jointly file a motion with the court to lift the injunction against Ripple and reduce Ripple’s penalty to $50 million as part of the final judgment dated August 7, 2024. According to this redistribution, only $50 million will be paid to the SEC, while the remaining amount will be returned to Ripple.While the settlement of the SEC Ripple case was welcomed by the cryptocurrency industry, SEC member Caroline Crenshaw stated that she opposed the Ripple deal due to investor protection concerns.Cryptocurrency skeptic Crenshaw spoke out against the agency’s decision to offer Ripple a settlement letter in its case.The SEC member argued that if the deal is approved, the settlement would weaken the court's role in interpreting securities laws and would fail to protect investors and markets.Crenshaw said the settlement “razes” both the civil penalty and the injunction, effectively nullifying the effect of the court's decision.“This settlement does a grave disservice to the SEC’s investor protections and weakens the court’s role in interpreting our securities laws.If Judge Torres accepts the settlement, it will eliminate investor protections we have already won and leave a regulatory vacuum until the crypto task force can create a regulatory framework.“As a result, the SEC-Ripple settlement is not in the best interests of the investors and markets our agency is charged with serving and protecting. It raises more questions than answers.”The SEC first filed a lawsuit against Ripple Labs in December 2020, accusing it of illegally selling its native token, XRP, as an unregistered security.*This is not investment advice. Continue Reading: SEC – Settlement Reached in Ripple Case! Immediately Following Heavy Criticism from SEC Member!

In three weeks, Drift, Hyperbridge, and KelpDAO were consecutively hacked, resulting in nearly $900 million in losses. Polygon's CEO wrote that the problem lies not with any single team, but with the "notary" style architecture shared by the entire industry—relying on one or two signers to stamp cro...

Major Upgrade on Web: 10+ Advanced Chart Styles for Deeper Market Insights

To deliver more powerful and professional analysis tools, WEEX has rolled out a major upgrade to its web trading charts—now supporting up to 14 advanced chart styles.

Morning Report | Aethir secures a $260 million enterprise contract with Axe Compute; New Fire Technology acquires Avenir Group's trading team; Polymarket's trading volume surpassed by Kalshi

Overview of Important Market Events on April 23

Why a Million-Follower Crypto KOL Chooses WEEX VIP?

Discover why top crypto KOL Carl Moon partnered with WEEX. Explore the WEEX VIP ecosystem, 1,000 BTC protection fund, and exclusive rewards for serious traders.

CoinEx Founder: The Crypto Endgame in My Eyes

The industry will not disappear, but it will shrink significantly.

Spark Coin (SPK): Explodes 73% as Aave Bleeds $15B, A Good Investment Now?

Spark coin (SPK) surged 73% as $15 billion fled Aave after the KelpDAO hack. This article explains what Spark is, why it’s pumping, and whether it is a good investment right now.

As Aave's building collapses, Spark's high-rise is rising

The growth of Spark's TVL is essentially a redistribution of existing capital in DeFi among protocols, rather than new capital entering the market. The "cake" of the entire industry has shrunk in the short term, and no one can remain unaffected.

RootData: Q1 2026 Cryptocurrency Exchange Transparency Research Report

In this report, Binance continues to rank first with the highest trading volume and wealth potential, while OKX has risen to second place as one of the few exchanges with an increase in trading volume this month.

What Is Memecoin Trading? A Beginner's Guide to How It Works, the Risks, and 2026's Hottest Tokens

Memecoins surged 30%+ at the start of 2026 while Bitcoin was flat. RAVE spiked 4,500% then crashed 90% in days. MAGA jumped 350% overnight. This guide explains exactly how memecoin trading works — and how to not blow up your account doing it.

Trump Extends Ceasefire: Bitcoin Hits $79K — What Crypto Traders Need to Know Right Now

Bitcoin surged past $79,000 after Trump extended the ceasefire indefinitely. We break down exactly what happened, how every major crypto reacted, and what traders should watch next — including the one level that could unlock an $85,000 BTC rally.