The SEC is seeking $2 billion in penalties from Ripple Labs. This is part of an ongoing conflict where the SEC accused Ripple of selling an unregistered security by raising $1.3 billion from the sale of XRP. Ripple's CEO critiqued the SEC's unjust behavior, citing court decisions in favor of Ripple.
Revolut has announced Revolut X, a dedicated cryptocurrency exchange catering to professional traders, making it the first banking institution to venture into this arena. With a user base of 40 million worldwide, Revolut aims to provide specialized trading experiences with lower transaction fees and access to digital assets like Bitcoin, Ethereum, and XRP, initially available on desktops for UK customers with plans for further expansion.