Investment expert and author, Linda P. Jones, recently shared her perspective on the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC). Jones believes that if Ripple and the SEC sit down for negotiations, Ripple would have the upper hand.
The possibility of a settlement between Ripple and the SEC arose after the financial regulator dropped charges against Ripple executives Brad Garlinghouse and Chris Larsen. This was seen as a victory for Ripple, particularly in relation to the XRP token.
Jones responded to a breakdown of the situation by lawyer and vocal XRP supporter Fred Rispoli. She stated on the X platform that Ripple has a “royal flush,” which means they won’t need to negotiate and can essentially dictate their terms. Jones emphasized that the exposure of the Hinman emails has taken away the SEC’s bargaining power. According to Jones, Ripple can “literally name their terms in the ‘settlement’.”
The Hinman emails are documents linked to William Hinman, the former director of the SEC’s Division of Corporation Finance. These emails, which were made public earlier this year, revealed Hinman’s statement that Bitcoin and Ethereum were not considered securities.
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In addition to Jones’ perspective, attorney Jeremy Hogan shared his insight into the Ripple vs. SEC case. Hogan believes that “for all intents and purposes,” the case is over. While important hearings are still to come, deciding a judgment of up to $770 million, Hogan does not believe that the SEC has a high chance of winning on appeal. He even compared the SEC’s chances of winning the appeal to the New York Jets winning the Super Bowl, stating that the chance is exactly 2.367%.
The ongoing legal battle between Ripple and the SEC has generated significant discussion within the crypto community. Many individuals and experts have been keeping a close eye on the case, considering the potential implications for the regulation of cryptocurrencies, particularly XRP.
It is important to note that despite the optimistic views expressed by Jones and Hogan, the outcome of the case is still uncertain. Both sides will likely continue to present their arguments and negotiate, and a settlement is not guaranteed.
The Ripple vs. SEC case has had an impact on the price of XRP. The coin has experienced a period of sideways price movement on the daily timeframe, according to a chart on TradingView. Traders and investors have been closely watching the price action, hoping for a resolution to the legal battle that could potentially influence the value of XRP.
In conclusion, Linda P. Jones believes that Ripple has the upper hand if they negotiate with the SEC due to the exposure of the Hinman emails, while attorney Jeremy Hogan believes that the case is mostly over and the SEC has a low chance of winning on appeal. The outcome of the Ripple vs. SEC case will continue to be closely monitored by the crypto community as it may have implications for the regulation of cryptocurrencies.
