US SEC wants to appeal Ripple ruling

The U.S. Securities and Exchange Commission (SEC) has sought permission to appeal a ruling concerning Ripple’s XRP sales through exchanges. This appeal specifically targets the judgment that Ripple’s XRP sales did not breach securities law, arguing that retail investors’ expectations differ from institutional ones when purchasing from Ripple directly.

Cryptocurrency exchange Bitget has decided to enhance its know-your-customer (KYC) requirements for its users. Effective from September 1, all new users will need to complete level-one KYC verification to deposit and conduct trades on the platform.

Despite recent suggestions that the enthusiasm around Bitcoin NFTs (Non-Fungible Tokens) has waned, Ordinals, a type of inscription on the Bitcoin network, continue to be a major driver of activity.

Also published on Medium.

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