Ripple’s settlement agreement with the SEC has attracted criticism from a dissenting commissioner, Caroline Crenshaw. She argues that the deal undermines investor protection and erodes the court’s order in its enforcement of cryptocurrency regulations. This comes after the SEC reduced Ripple’s fine to $50 million and lifted the original injunction imposed by Judge Analisa Torres. Crenshaw believes this move signifies a strategic concern on the part of the SEC, fearing a potential win at the appeal stage could jeopardize their overarching approach to crypto regulation. The case is currently pending before the Second Circuit Court of Appeals, with any final resolution hinging on whether Ripple appeals and if both parties drop their cases.