XRP News: Ripple May Pay SEC Fine in XRP
The post XRP News: Ripple May Pay SEC Fine in XRP appeared on BitcoinEthereumNews.com.
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…
Filed under: News - @ March 10, 2025 9:19 am