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XRP Lawsuit: Ripple Holds a “Royal Flush” in SEC Lawsuit, Ready to Dictate Settlement Terms
The post XRP Lawsuit: Ripple Holds a “Royal Flush” in SEC Lawsuit, Ready to Dictate Settlement Terms appeared first on Coinpedia Fintech News
As the SEC v. Ripple lawsuit takes dramatic turns, Wall Street veteran and financial analyst Linda P. Jones declares that Ripple isn’t just on the table for negotiation—they’re defining the terms of it. This assertion comes after a series of favourable rulings for Ripple and echoes the speculations within the crypto community that the case is heading towards a settlement.
I agree, however I think Ripple has a royal flush, meaning they aren’t negotiating and can literally name their terms. Due to exposure of the Hinman emails, the SEC has zero bargaining power. Ripple can 100% name their terms in the “settlement.” https://t.co/56mPtob0AZ
— Linda P. Jones (@LindaPJones) October 20, 2023
Linda P. Jones weighed into the discussion, emphasizing that Ripple’s recent legal victory amounted to a “royal flush.” According to Jones, Ripple is not just negotiating with the SEC but is in a position where they can unilaterally define the terms of a potential settlement. This perspective arises in part due to the SEC’s voluntary withdrawal of charges against Ripple executives Bradley Garlinghouse and Chris Larsen, dramatically changing the power dynamics.
The Hinman Docs: Ripple’s Secret Weapon
Jones attributes Ripple’s newly acquired bargaining power to the public exposure of the Hinman docs—drafts of William Hinman’s 2018 speech declaring BTC and ETH as non-securities. This revelation seems to have left the SEC at a severe disadvantage, stripping it of any bargaining power it might have had.
The SEC’s case against Ripple has been filled with setbacks. The regulatory body had to surrender the Hinman documents, faced denial for an interlocutory appeal, and most recently, voluntarily dropped charges against Ripple’s leading executives. These developments have solidified Ripple’s position, aligning with Jones’ sentiment that Ripple can dictate how this saga concludes.
SEC has now 2 options
As it stands, the SEC is left with two routes—either to appeal the case to the Second Circuit or agree on a settlement. According to Jones, and supported by the legal community at large, the chances of the SEC choosing the latter have exponentially increased.
Jones’ insights not only underline the shifts within the SEC v. Ripple case but also imply greater ramifications for the broader crypto ecosystem. A Ripple victory or a settlement on their terms could set legal precedents that benefit the cryptocurrency landscape as a whole, offering more defined regulatory clarity.
As the SEC v. Ripple lawsuit takes dramatic turns, Wall Street veteran and financial analyst Linda P. Jones declares that Ripple isn’t just on the table for negotiation—they’re defining the terms of it. This assertion comes after a series of favourable rulings for Ripple and echoes the speculations within the crypto community that the case is heading towards a settlement.
I agree, however I think Ripple has a royal flush, meaning they aren’t negotiating and can literally name their terms. Due to exposure of the Hinman emails, the SEC has zero bargaining power. Ripple can 100% name their terms in the “settlement.” https://t.co/56mPtob0AZ
— Linda P. Jones (@LindaPJones) October 20, 2023
Linda P. Jones weighed into the discussion, emphasizing that Ripple’s recent legal victory amounted to a “royal flush.” According to Jones, Ripple is not just negotiating with the SEC but is in a position where they can unilaterally define the terms of a potential settlement. This perspective arises in part due to the SEC’s voluntary withdrawal of charges against Ripple executives Bradley Garlinghouse and Chris Larsen, dramatically changing the power dynamics.
The Hinman Docs: Ripple’s Secret Weapon
Jones attributes Ripple’s newly acquired bargaining power to the public exposure of the Hinman docs—drafts of William Hinman’s 2018 speech declaring BTC and ETH as non-securities. This revelation seems to have left the SEC at a severe disadvantage, stripping it of any bargaining power it might have had.
The SEC’s case against Ripple has been filled with setbacks. The regulatory body had to surrender the Hinman documents, faced denial for an interlocutory appeal, and most recently, voluntarily dropped charges against Ripple’s leading executives. These developments have solidified Ripple’s position, aligning with Jones’ sentiment that Ripple can dictate how this saga concludes.
SEC has now 2 options
As it stands, the SEC is left with two routes—either to appeal the case to the Second Circuit or agree on a settlement. According to Jones, and supported by the legal community at large, the chances of the SEC choosing the latter have exponentially increased.
Jones’ insights not only underline the shifts within the SEC v. Ripple case but also imply greater ramifications for the broader crypto ecosystem. A Ripple victory or a settlement on their terms could set legal precedents that benefit the cryptocurrency landscape as a whole, offering more defined regulatory clarity.
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