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#Xrp๐ฅ๐ฅ XRP News Today: SEC to Drop Ripple Appeal After Closed-Door Meeting? New BTC L2 Project StratoVM Grabs Attention by Whales #Xrp๐ฅ๐ฅ In a recent update on X, John Reed Stark, who previously worked as an enforcement attorney for the SEC, shared a prediction about the Ripple Labs litigation. According to Stark, there are signs that the SEC might be considering abandoning its legal pursuit against Ripple โ weโll cover this in detail below. A new project that might be worth monitoring as well is StratoVM ($SVM), which presents a Layer-2 solution for Bitcoin that could enable smart contract functionality, meme token creation, and decentralized finance applications directly on the Bitcoin blockchain. After an impressive price surge of over 2300% within a single month and with its mainnet release on the horizon, StratoVM could revolutionize how Bitcoin holders utilize their assets. Letโs check out the deets. XRP Latest News: Will the SEC Drop the Ripple Appeal Soon? Hereโs What Analysts Believe Will Happen According to Stark, recent developments within the regulatory agency suggest the SEC might abandon its appeal against Ripple. During the previous administration, Gary Gensler issued Wells Notices to Robinhood, Uniswap, and OpenSea, consistently advocating for tighter regulatory control over cryptocurrency. However, the SEC has now terminated its investigation into Robinhood Crypto. The commission announced it would not pursue further action following the Wells Notice delivered to Robinhood in May 2024. The former SEC enforcement attorney suggests this trend points to the possibility that the SEC's appeal against Ripple Labs could be discontinued as well. In a related social media post, legal specialist Fred Rispoli addressed concerns about the XRP lawsuit's complexity, contending that the resolution is straightforward and forthcoming.#XRPโ $XRP
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