SEC Commissioner Caroline Crenshaw criticized the SEC-Ripple settlement, warning that it could harm the credibility of SEC lawyers. Democrats in the US Senate blocked the GENIUS stablecoin bill, citing concerns over President Trump's influence on crypto policies. Additionally, Coinbase announced a $2.9 billion deal to acquire Deribit, a major crypto options trading platform. The settlement between the SEC and Ripple aims to dissolve the 2024 injunction against Ripple and return $75 million of the civil penalties. Crenshaw expressed concerns that such settlements weaken the SEC's enforcement capabilities and undermine legal interpretations. The GENIUS stablecoin bill faced opposition from Democrats due to suspicions of political motives. Treasury Secretary Bessent emphasized the importance of fostering digital asset innovation to prevent crypto firms from relocating offshore. Coinbase's acquisition of Deribit is seen as a strategic move to enter the lucrative crypto derivatives market and expand globally. Read more AI-generated news on: https://app.chaingpt.org/news

#SEC #XRP