Wednesday, May 22, 2024
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Expert Gives Ripple The ‘Royal Flush’ In Potential Settlement With SEC – Here’s Why

Investment expert Linda P. Jones recently shared her perspective on the legal battle between Ripple and the Securities and Exchange Commission (SEC). With the SEC dropping charges against Ripple executives, talks of a potential settlement have emerged. Jones believes that Ripple holds the upper hand in negotiations with the SEC, citing the exposure of the Hinman emails as a key factor. According to Jones, this means Ripple can dictate the terms of the settlement and have a significant advantage. As discussions around a final settlement unfold, the crypto community eagerly follows these developments. Additionally, attorney Jeremy Hogan views the Ripple vs. SEC case as effectively over, emphasizing the slim chances of the SEC winning their appeal. This article provides insights into the ongoing legal showdown and the potential implications for Ripple and the SEC.

Reason Why Ripple Has Upper Hand In Settlement: Linda P. Jones

In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), investment expert and seasoned author Linda P. Jones has provided valuable insight into why Ripple has the upper hand in a potential settlement. With the recent dismissal of charges against Ripple executives Brad Garlinghouse and Chris Larsen, the company has gained momentum and is in a strong position to negotiate with the SEC.

Jones took to the X platform to respond to a breakdown from Fred Rispoli, a lawyer and vocal XRP supporter. In her response, Jones expressed her belief that Ripple holds a “royal flush” in the negotiation process with the SEC. This means that Ripple won’t be negotiating from a position of weakness, but rather from a position of strength. According to Jones, the exposure of the Hinman emails, which revealed the former director of the SEC’s Division of Corporation Finance stating that Bitcoin and Ethereum were not considered securities, has significantly weakened the SEC’s bargaining power.

She further emphasized that Ripple has the ability to “literally name their terms” in the settlement, indicating that the company has a significant advantage in the negotiations. This assessment aligns with Rispoli’s speculation that the SEC is likely considering a final settlement with Ripple, with settlement amounts potentially being discussed between the lawyers involved.

The Ripple Vs. SEC Case Is Over, Attorney Claims

Pro-XRP lawyer Jeremy Hogan, who has been closely following the Ripple vs. SEC case, has claimed that the case is essentially over “for all intents and purposes.” While there are still important hearings to be held in the coming months, including one to decide a potential judgment of up to $770 million, Hogan believes that it is time to move on from worrying about the outcome of the case.

Hogan acknowledges the possibility of a settlement between Ripple and the SEC, as well as the SEC’s intent to appeal if a settlement is not reached. However, he does not believe that the SEC has a strong chance of winning on appeal. Hogan went as far as to compare the SEC’s chances of winning to the New York Jets winning the Super Bowl, stating that the odds are incredibly low at approximately 2.367%.

This assessment by Hogan suggests that Ripple may have an even stronger position in the case than previously thought. If the SEC’s chances of winning on appeal are indeed slim, it further reinforces Ripple’s advantage in any potential settlement negotiations.

Possibility of a Settlement

With the recent dismissal of charges against Ripple executives and the speculation surrounding a potential settlement, the possibility of a settlement between Ripple and the SEC is a topic of interest. A settlement would bring an end to the legal battle and provide a resolution for both parties involved.

A settlement could offer a compromise that satisfies both Ripple and the SEC. It would allow Ripple to put the case behind them and focus on their operations and partnerships. For the SEC, a settlement would allow them to achieve some form of enforcement and potentially establish guidelines or regulations for the cryptocurrency industry.

While negotiations for a settlement may be complex, Ripple’s strong position and the weak bargaining power of the SEC due to the exposure of the Hinman emails may lead to a favorable outcome for Ripple in terms of the settlement terms.

SEC’s Intent to Appeal

Despite the possibility of a settlement, the SEC has expressed its intent to appeal if a settlement is not reached. This indicates that the SEC is still determined to pursue legal action against Ripple and seek a favorable outcome for their case.

The SEC’s decision to appeal demonstrates their belief in the strength of their case and their commitment to enforcing regulations in the cryptocurrency industry. It is important to note that even if a settlement is reached, the SEC may still seek to appeal certain aspects of the case or pursue additional legal action in the future.

Chances of SEC Winning on Appeal

According to Jeremy Hogan, the chances of the SEC winning on appeal are incredibly low. Hogan compares these chances to the New York Jets winning the Super Bowl, emphasizing the slim likelihood of success for the SEC.

While it is difficult to estimate the exact chances of success in an appeal, Hogan’s assessment suggests that the SEC faces significant challenges in overturning the case in their favor. Factors such as the dismissal of charges against Ripple executives and the weak bargaining power of the SEC may contribute to the SEC’s low chances of winning on appeal.

Comparison to New York Jets Winning the Super Bowl

Jeremy Hogan’s comparison of the SEC’s chances of winning on appeal to the New York Jets winning the Super Bowl highlights the improbability of the SEC’s success. The New York Jets are an NFL team that has historically struggled and has not won the Super Bowl since 1969.

By equating the SEC’s chances to such an unlikely event, Hogan underlines the difficulty the SEC may face in overturning the case or achieving a favorable outcome on appeal. It serves as a metaphorical representation of the perceived low probability of the SEC succeeding in their legal battle against Ripple.

In conclusion, Linda P. Jones’ analysis suggests that Ripple has the upper hand in a potential settlement with the SEC. The exposure of the Hinman emails weakens the SEC’s bargaining power, providing Ripple with the ability to dictate the terms of any settlement. Additionally, Jeremy Hogan’s assessment of the case further reinforces Ripple’s advantage, as he believes the chances of the SEC winning on appeal are incredibly low. Ultimately, time will tell how the legal battle unfolds and whether a settlement is reached or if the case proceeds to appeal.

Source: https://bitcoinist.com/expert-gives-ripple-the-royal-flush-settlement-sec/