A Former SEC Enforcement Attorney Recently Suggested on X That the Securities and Exchange Commission

A former SEC enforcement attorney recently suggested on X that the Securities and Exchange Commission might be preparing to drop its case against Ripple Labs.

The former SEC enforcement attorney recently suggested on X that the Securities and Exchange Commission might be preparing to drop its case against Ripple Labs. This potential development has sparked discussion among crypto enthusiasts.

Meanwhile, a new project called StratoVM ($SVM) could gain major attention with a Bitcoin Layer-2 solution that may bring smart contract capabilities, meme token creation, and DeFi applications directly to the Bitcoin ecosystem.

StratoVM has seen remarkable growth, with its value increasing by over 2290% in just one month. As its mainnet launch approaches, this technology could transform how Bitcoin holders can leverage their assets beyond simple transactions.

Deets:

The SEC might drop its appeal against Ripple, and this time, it’s not an opinion but rather the statement of a former SEC enforcement attorney, John Stark, who spoke about it on X. Stark points to the agency’s decision to close its investigation into Robinhood Crypto, despite previously issuing a Wells Notice.

Under Gary Gensler, the SEC aggressively pursued cases against Robinhood, Uniswap, and OpenSea. But now, with the Robinhood case dropped, some believe the SEC could quietly retreat from its fight with Ripple as well.

Legal expert Fred Rispoli isn’t holding back, calling the SEC’s legal arguments “cowardly” and dismissing concerns about new SEC Chair Paul Atkins and Judge Analisa Torres’ $125 million penalty against Ripple. He claims it’s a “bargain basement price” compared to the SEC’s usual penalties.

According to Rispoli, the case will likely wrap up soon, with only administrative procedures remaining. Meanwhile, crypto analyst Amonyx predicts that if Ripple keeps winning, XRP could soar past $20.

In other news, Brazil’s Comissão de Valores Mobiliários (CVM) just approved the world’s first spot XRP ETF, the Hashdex Nasdaq XRP Index Fund, to be listed and traded on Brazil’s B3 exchange.

This development comes as investors eagerly await an XRP ETF in the U.S., which might be possible if the SEC doesn't intervene.

StratoVM Is Building a Layer-2 Solution to Upgrade BTC’s Network — Is This the Start of a DeFi Revolution for Bitcoin?

StratoVM ($SVM) is creating a Layer-2 solution to integrate smart contracts, meme coins, AI, and DeFi applications with the Bitcoin network.

Currently valued at $0.068 and ranked 840 on CoinGecko, $SVM has experienced a surge of 2,724% over the past week. This rapid price movement suggests that early adopters may be recognizing the potential of StratoVM's technology to address Bitcoin's scalability challenges, despite broader market conditions.

With the mainnet launch approaching, StratoVM could be at a turning point. For instance, CoreDAO—a Bitcoin Layer-2 valued at $990 million—dwarfs StratoVM's current $1.2 million valuation, hinting at a potential upside if the project delivers on its promises.

The BTCFi sector is expanding rapidly, with total value locked jumping from $307 million in January 2024 to $6.6 billion by February 2025, according to DeFiLlama. StratoVM's model could help it become a major player in this growing market.

Recently, StratoVM was listed on Unisawp, which could further increase its credibility. Moreover, the project is backed by 50+ strategic partners, which may accelerate its adoption.

Furthermore, there's speculation about a centralized exchange (CEX) listing, which, if confirmed, might drive even more attention to the project.

As StratoVM's community grows rapidly, surpassing 110,000 followers across X, Telegram, and Discord, its testnet is already showing traction, with 113,312 wallets registered and 56,200 daily transactions being processed.

This focus on scalability and security might make StratoVM a key contender in the Bitcoin DeFi space. If it manages to roll out its planned features successfully, it may create new opportunities for Bitcoin holders and ultimately strengthen Bitcoin's position in DeFi.