The USSEC filed a notice of appeal in its case against Ripple and global banks will conduct live trials of digital asset transactions through SWIFT.

This is CoinDest Daily. I'm your host, Christine Lee.

The U.S. SEC is appealing a federal judge's ruling in its case against Ripple.

A federal judge ruled last year that the SEC had not made its case that Ripple violated

securities law by selling XRP to retail customers through exchanges.

The SEC filed a notice of appeal to the Second Circuit Court of Appeals after being denied

an interlocutory appeal

for summary judgment, with the spokesperson from the agency saying that, quote, the district

court decision in the Ripple matter conflicts with decades of Supreme Court precedent and securities

laws. Central and commercial banks will be able to use the SWIFT network to carry out trial transactions of digital currencies and assets.

According to Swift, the trials follow collaborative work with dozens of financial institutions across North America, Europe, and Asia,

encompassing more than 4 billion accounts across 200 countries and territories.

The new trials will explore how Swift can provide its bank network with bridges between more than 4 billion accounts across 200 countries and territories.

The new trials will explore how Swift can provide its bank network with bridges between

crypto and existing fiat currencies using their existing infrastructure.

Initial use cases will focus on payments, foreign exchange, securities, and trade.

Gray scale has introduced a new fund that offers exposure to AVE's

AVEA token. AVE is a decentralized lending platform based on the Ethereum blockchain that

offers automated loans of cryptocurrency using other tokens you own as collateral. The Avey tokens

market cap currently stands relatively small at around

$2 billion, but the protocol has become the largest crypto lending protocol by total value

locked, according to Defi-Lama data. Grayscale has launched a series of novel products this year,

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