SEC Commissioner Caroline Crenshaw opposes a proposed settlement with Ripple Labs, expressing concerns about eroding investor protections.
The deal would involve Ripple and its executives paying $50 million to the SEC to end the ongoing litigation, which Crenshaw believes weakens the SEC's credibility.
The settlement with Ripple follows a series of dropped cases under the Trump administration, raising concerns about regulatory consistency in the crypto industry.
The agreement between Ripple and the SEC is pending final court approval, with Judge Analisa Torres needing to issue a ruling before the case can officially conclude.