Top Wall Street Expert Says ‘Ripple Now 100% in a Position to Name Their Terms in Settlement’ Against SEC
Linda P. Jones asserts that Ripple can name their terms in the settlement against the Securities Exchange Commission (SEC). XRP community has been speculating that the lawsuit will likely end in a settlement due to the SEC dropping charges against Ripple Bradley Garlinghouse and Chris Larsen.
An analyst speculated that the SEC and Ripple lawyers were discussing how the blockchain company would settle.
Ripple Can Name Terms in Settlement
Jones stated that she agrees with Rispoli’s analysis. However, she pointed that Ripple has a “royal flush,” pointing 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,William Hinman 2018 speech where he declared BTC and ETH as non-securities.
In recent times, many have pointed 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.
