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HomeCrypto NewsMarketTop Expert Says 'Ripple Now 100% in a Position to Name Their Terms in Settlement' Against SEC 

Top Expert Says ‘Ripple Now 100% in a Position to Name Their Terms in Settlement’ Against SEC 

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Wall Street veteran Linda P. Jones asserts that Ripple can 100% name their terms during a settlement against the Securities and Exchange Commission (SEC). 

Linda P. Jones, a Wall Street veteran and financial analyst, has weighed into an ongoing discussion regarding a potential settlement in the ongoing SEC v. Ripple lawsuit. 

Pro-XRP Lawyer Says Settlement Now Likely in SEC v. Ripple 

It bears mentioning that the XRP community has been speculating that the lawsuit will likely end in a settlement due to the SEC dropping charges against Ripple execs Bradley Garlinghouse and Chris Larsen. 

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Yesterday, pro-XRP lawyer Fred Rispoli took to X (formerly Twitter) to provide an analysis of the recent development in the lawsuit. He also speculated that the SEC and Ripple lawyers were already discussing how much the blockchain company would pay to settle. 

Ripple Can Name Terms in Settlement 

Reacting, Jones stated that she agrees with Rispoli’s analysis. However, she pointed out that Ripple has a “royal flush,” emphasizing that the blockchain company is not negotiating with the SEC but can name its terms during the settlement. 

She asserted that the SEC is left with zero bargaining power due to the exposure of Hinman docs, the drafts of William Hinman’s 2018 speech where he declared BTC and ETH as non-securities. 

Consequently, Jones reiterated that Ripple could 100% name their terms during a settlement. 

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Ripple Records Major Victories Against SEC 

In recent times, many analysts have pointed out that Ripple is currently in a better position to determine the subsequent outcome of the lawsuit. The company has recorded a series of victories against the SEC. 

It forced the SEC to surrender the Hinman docs despite the commission’s refusal to do so. Ripple also recorded a partial victory in the summary judgment that saw the judge rule that most XRP transactions, including programmatic sales and other distributions, are not investment contracts. 

The court also denied the SEC’s request to certify an interlocutory appeal in the case. Furthermore, the SEC dropped the charges against Garlinghouse and Larsen. 

SEC Remaining Options 

Notably, the SEC has two options left – appealing the case to the Second Circuit or agreeing on a settlement with Ripple. At press time, it remains to be seen which route the SEC will take in the coming days or weeks. 

However, the next step of the lawsuit is the remedies stage, where the court will determine the amount Ripple will pay for violating securities laws via the sale of XRP to institutional clients. 

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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