SEC files to settle the breakup lawsuit due to internal opposition

The American Securities Commission and Exchange submitted a movement requesting the approval of the Sales Settlement Court, even as one per Commissioner SEC opposes the move around the investor concerns.

According to the 8th May submissionand Ripple, and DC agreed to withdraw their complaints in front of others of the Court of Appeals, effectively completing the legal battle that began in December 2020. years. Under the proposed agreement, it could continue to sell without violation of the law on securities and renewed in Escro.

Movement comes after a key court of judgment in 2023. years by Judge Analysis Torres, which found it although Sales XRP (XRP) Public exchanges did not violate securities laws, the sale of institutional investors is in progress. If approved, the Court will release a civil in the amount of $ 125 million punishment Held in Escrow, with $ 50 million go to SEC and the rest back to Ripple.

The settlement explicitly states that the party party will not endeavor to amend a summary of 2023. Preservation of court findings that only institutional sale of CSRP violated securities law. However, not everyone within the SEC on board.

DC Commissioner Caroline A. Crenshaw criticized the settlement as “huge disagreement in investing public” in strong words disagreement Posted on the Agency’s website. She claimed to weaken the SEC’s ability to keep the CRIPTO company answers and sends the wrong message to the market.

Crenshaw warned that the previous court decision, Sex may not take any action if Ripple re-sells XRP into institutions without registration of tokens. She also expressed concern that this settlement could be part of a broader withdrawal in Engos CRIPTS ErpPral SECA, which could leave investors less protected.

Despite that, SEC insists that the FER agreement is and serves the public interest. It pointed to the fact that the case had already helped define the legal limits around the sale of tokens, giving the crypto industry more clarity.

If the Court approves the request, Ripple and SEC will relocate to formally reject their complaints, finishing One of the longest and longest and most existant cases that have fully viewed the CRIPTO until today. But Crenshaw criticism could take advantage of new debates on how to regulate digital property that goes forward.