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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.
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.
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
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.