SEC files to settle Ripple lawsuit amid internal opposition
By: cryptosheadlines|2025/05/09 14:00:04
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com The U.S. Securities and Exchange Commission has filed a motion seeking court approval for a settlement with Ripple Labs, even as one SEC commissioner opposes the move over investor protection concerns.According to the May 8 court SEC filing, both Ripple and the SEC have agreed to withdraw their respective appeals pending before the Second Circuit Court of Appeals, effectively ending a legal battle that began in December 2020. Under the proposed deal, Ripple would be able to resume sales without breaking any securities laws and recover $75 million of the $125 million that was held in escrow. The move comes after a key court ruling in 2023 by Judge Analisa Torres, who found that although sales of XRP (XRP) to public exchanges did not violate securities laws, sales to institutional investors did. If approved, the court would release the $125 million civil penalty held in escrow, with $50 million going to the SEC and the remainder back to Ripple. The settlement explicitly states that neither party will seek to amend the 2023 summary judgment, preserving the court’s finding that only institutional XRP sales violated securities law. However, not everyone within the SEC is on board. SEC Commissioner Caroline A. Crenshaw criticized the settlement as “a tremendous disservice to the investing public” in a strongly worded dissent posted on the agency’s website. She argued that it weakens the SEC’s ability to hold crypto companies accountable and sends the wrong message to the market. Crenshaw warned that despite the court’s previous decision, the SEC may not take any action if Ripple starts selling XRP to institutions again without registering the tokens. She also expressed concern that this settlement could be part of a broader pullback in the SEC’s crypto enforcement efforts, which could leave investors less protected.Despite this, the SEC insists the agreement is fair and serves the public interest. It pointed to the fact that the case already helped define legal boundaries around token sales, giving the crypto industry more clarity.If the court approves the request, Ripple and the SEC will move to formally dismiss their appeals, ending one of the longest-running and most closely watched crypto cases to date. But Crenshaw’s criticism could spark new debates about how the SEC should regulate digital assets going forward. Source link
You may also like

Why have foreign exchange stablecoins never taken off?
Rather than issuing a local currency stablecoin from scratch, it is better to build a layer of foreign currency pricing on top of a USD stablecoin, allowing users to enjoy the liquidity of the dollar while keeping accounts in local currency.

AIDC, computing power leasing, and cloud: The "three-part thesis" of AI transformation in cryptocurrency mining farms
The "AI transformation" of cryptocurrency mining farms is not just a slogan; it is unfolding in three recognizable stages.

Futu has had all its illegal gains confiscated, reminding cryptocurrency exchanges
Even if foreign financial institutions obtain licenses abroad, as long as you are effectively providing financial services to residents in mainland China, Chinese regulatory authorities may evaluate your actions according to Chinese law.

Football, Web3 & Champions' Energy: A Recap of WEEX's LALIGA VIP Meetup in Barcelona
Relive WEEX's exclusive LALIGA VIP Meetup in Barcelona with football legend Fernando Morientes. From a fireside chat and on-site WEEX x LALIGA signing to partner awards and a live LALIGA match broadcast, discover how WEEX connected football culture, Web3, and community.
Pizza, Poker & AI Trading: A Recap of WEEX Crypto Pizza Day in Dubai
Relive WEEX Crypto Pizza Day in Dubai, where the MENA crypto community gathered at WEEX Dubai Studio to celebrate Bitcoin Pizza Day with pizza, poker, networking, and a live AI trading competition. Discover how WEEX turned a historic crypto milestone into a hands-on AI trading experience.

IOSG Founder: Please tell Vitalik the truth, let the OGs who have enjoyed the industry's dividends enlighten the young people
The wage earners freeze to death on the road, the sellers of goods die of thirst on the way. The weavers of brocade wear coarse cloth, and the grain growers do not have enough to eat.

Morning Report | SpaceX reveals it holds approximately $1.45 billion in Bitcoin; Nvidia's Q1 financial report shows revenue of $81.6 billion; Manus plans to raise $1 billion for buyback business
Overview of Important Market Events on May 21

Insiders: DeepSeek is forming a Harness team to compete with Claude Code
DeepSeek Code is coming.

SpaceX officially submitted its prospectus, unveiling the largest IPO in history
SpaceX's public market debut could take place as early as June, making it the first in a series of giant IPOs from AI companies, with OpenAI and Anthropic also waiting for the right moment.

The financial changes under the new SEC regulations: Opportunities and regulatory red lines behind "tokenized stocks"
In-depth analysis of "tokenized stocks": The SEC's advancement of an innovation exemption framework has sparked heated discussions, revealing the real risks behind third-party "synthetic asset" certificates and 24/7 trading.

Blockchain Capital Partner: The structure of on-chain dual-layer capital is still in the early stages of value discovery
How can the on-chain economy build a capital structure that promotes open innovation while also considering institutional scale?

Secured over $60 million in funding from Dragonfly, Sequoia, and others, learn about the on-chain derivatives protocol Variational | CryptoSeed
What is the difference with Hyperliquid?

I tested with $10,000: zero wear and tear, annualized 8%, and can earn points (with complete tutorial + screenshots)
Perps DEX newcomer StandX launches native stablecoin DUSD, achieving a real APY of 8.46% with its innovative three-tier yield mechanism, breaking the 3% traditional stablecoin interest rate ceiling.

Eight departments take strong measures to regulate cross-border brokers, what do you think?
This regulatory action, known as the "Final Battle for the Rectification of Cross-Border Brokers," will completely end the gray era of unlicensed operations by foreign brokers in the domestic market and reshape the entire market landscape for cross-border investment by mainland residents.
Cheers, Charts & AI: A Recap of WEEX Labs' Openguin Party Energy at ETHMilan 26
Looking for the most exciting web3 events in Europe? Relive the Openguin Party at ETHMilan 2026 — co-hosted by WEEX Labs, Pudgy Penguins and Berachain . This rooftop Pudgy Penguins Event brought together Pudgy Penguins Crypto fans, AI traders, and industry leaders for a 20-minute live AI trading competition under the Milan sky. Discover how WEEX is redefining AI-powered trading.

Morning Report | Deloitte acquires crypto infrastructure company Blocknative; stablecoin company Checker completes $8 million financing; a16z may have become the largest external institutional holder of HYPE
Overview of Important Market Events on May 20

Interpretation of xBubble SOP: Packaging Vibe Coding for non-technical users
DAPPOS has launched the low-threshold AI application xBubble, which innovatively automates the packaging of complex large model workflows with an SOP system, allowing users with no technical background to complete professional-level AI tasks with just one sentence.

From Followers to Price Setters: The Role of the Crypto Market is Reversing
The encryption platform successfully achieved precise pre-listing pricing on CBRS, indicating that Crypto is gradually transforming from a follower of traditional finance into a new pricing hub for global assets through innovative mechanisms.
Why have foreign exchange stablecoins never taken off?
Rather than issuing a local currency stablecoin from scratch, it is better to build a layer of foreign currency pricing on top of a USD stablecoin, allowing users to enjoy the liquidity of the dollar while keeping accounts in local currency.
AIDC, computing power leasing, and cloud: The "three-part thesis" of AI transformation in cryptocurrency mining farms
The "AI transformation" of cryptocurrency mining farms is not just a slogan; it is unfolding in three recognizable stages.
Futu has had all its illegal gains confiscated, reminding cryptocurrency exchanges
Even if foreign financial institutions obtain licenses abroad, as long as you are effectively providing financial services to residents in mainland China, Chinese regulatory authorities may evaluate your actions according to Chinese law.
Football, Web3 & Champions' Energy: A Recap of WEEX's LALIGA VIP Meetup in Barcelona
Relive WEEX's exclusive LALIGA VIP Meetup in Barcelona with football legend Fernando Morientes. From a fireside chat and on-site WEEX x LALIGA signing to partner awards and a live LALIGA match broadcast, discover how WEEX connected football culture, Web3, and community.
Pizza, Poker & AI Trading: A Recap of WEEX Crypto Pizza Day in Dubai
Relive WEEX Crypto Pizza Day in Dubai, where the MENA crypto community gathered at WEEX Dubai Studio to celebrate Bitcoin Pizza Day with pizza, poker, networking, and a live AI trading competition. Discover how WEEX turned a historic crypto milestone into a hands-on AI trading experience.
IOSG Founder: Please tell Vitalik the truth, let the OGs who have enjoyed the industry's dividends enlighten the young people
The wage earners freeze to death on the road, the sellers of goods die of thirst on the way. The weavers of brocade wear coarse cloth, and the grain growers do not have enough to eat.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com



