SEC Commissioner Caroline Crenshaw strongly criticized the Commission's agreement with Ripple in a recent public statement, arguing that it harmed retail investors. The Ripple case has been highly debated in the crypto sector, showcasing regulatory overreach during the Gensler era. Despite Ripple's victory, Crenshaw believes the SEC's decision was flawed.

Crenshaw contested the SEC's settlement with Ripple, expressing concerns that the Commission acted prematurely and failed to uphold its prior judgments. She emphasized the need for a coherent and consistent crypto policy framework to protect investors. Crenshaw's dissent reflects a broader debate over the SEC's approach to crypto enforcement actions and its impact on both the industry and retail investors.