The post XRP News Today: Ripple May Be Used To Pay Fine According To Prominent Crypto Lawyer appeared first on Coinpedia Fintech News
Ripple’s $125 million SEC fine remains in place, but there are interesting rumors about how it might fulfill this obligation. Some legal experts suggest that Ripple could potentially settle using XRP tokens rather than cash – we’ll cover this in detail below.
On a different front, StratoVM ($SVM) could draw attention as a Layer 2 solution that could finally integrate Bitcoin effectively into decentralized finance.
By using the Bitcoin blockchain as an anchor for its data, StratoVM potentially offers improved transaction speeds and reduced fee structures—addressing longstanding limitations that have disrupted Bitcoin’s practical utility in DeFi applications.
Let’s check out the deets.
XRP News: Could Ripple’s $125 Million Fine Be Paid in XRP?
Back in August 2024, Ripple Labs got hit with a $125 million fine from the SEC for breaking securities laws when selling XRP to institutional investors. While Ripple is still fighting its legal battles, people are now wondering how the company might pay this fine.
Yassin Mobarak, a member of the XRP community, has suggested that Ripple could actually pay using XRP tokens instead of cash. He points out that the government recently created a digital asset reserve meant to hold highly liquid cryptocurrencies like XRP. If Ripple pays with XRP, this would be the first time the US government officially holds XRP tokens.
Mobarak thinks this could be good news, as it would align the government’s interests with XRP holders, possibly leading to clearer regulations and wider adoption.
Attorney Jeremy Hogan supports this idea, too. He references a Supreme Court case from 1869 (Willard v. Tayloe), which ruled that payments could legally be made in commodities if both sides agreed. This could set the stage for Ripple and the SEC to settle using XRP.
Could StratoVM ($SVM) be the Project That Finally Helps Bitcoin Expand into the DeFi Sector? Here’s How This Layer-2 Platform Works
Despite Bitcoin’s dominance in the crypto market, it has lagged behind Ethereum when it comes to DeFi applications, AI integrations, and meme token ecosystems. StratoVM ($SVM) might change that as an EVM-compatible Layer-2 solution that lets developers build smart contracts and decentralized apps on Bitcoin.
Interest in StratoVM has been growing fast, with its price jumping an impressive 6,911% in just one month to reach about $0.1906, according to CoinGecko.
While the price movement is grabbing headlines, the real value of StratoVM might be its potential to expand Bitcoin’s functionality in DeFi while maintaining the security Bitcoin is known for.
The project is showing promising early results. Its testnet has already attracted more than 113,000 wallets and handles around 56,000 transactions daily. As StratoVM prepares for its mainnet launch, it could change what’s possible within the Bitcoin ecosystem.
It’s also worth noting that StratoVM’s current market cap sits at $17M, while its comparable project CoreDAO is valued at $990M. Meanwhile, the broader Bitcoin DeFi (BTCFi) space has expanded dramatically from $307M to $6.6B over the past year, according to DeFiLlama.
If this trend continues, StratoVM could become a major player in this growing sector. The project’s community is also expanding rapidly, with over 100,000 followers across social platforms, including X, Telegram, and Discord.
With more than 50 strategic partnerships and rumors of a centralized exchange listing on the horizon, StratoVM might be ready to finally bridge the gap between Bitcoin and the world of decentralized finance.
The Bottom Line
Ripple’s $125 million penalty has brought interesting discussions about payment methods. Some analysts suggest the company might settle using XRP tokens instead of traditional currency – a move that could establish a precedent for how digital asset cases are resolved in the future.
At the same time, StratoVM could generate serious buzz as a Layer-2 solution for Bitcoin.
As its mainnet launch approaches, the platform could potentially transform how Bitcoin interacts with decentralized finance, opening new opportunities for BTC holders who have traditionally been limited in their DeFi participation options.
This article does not offer financial advice. Cryptocurrencies can be unpredictable and carry risks. It is important to conduct thorough research before acquiring any crypto asset. Forward-looking statements carry risks and are not guaranteed to be updated.