Yugocean SEC

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BRIDGE Digital Assets bill for joint committee of SEC and CFTC

14 Sep 2024 1 minute read 0 comments Yugocean

BRIDGE Digital Assets bill by John Rose Republican Representative John Rose, a member of the House Financial Services Committee, has introduced a new bill in the US Senate. This bill proposes a joint SEC-CFTC committee to advise the SEC and CFTC on t...

US CFTC is not happy with the approval of Bitcoin Spot ETF

27 Jan 2024 1 minute read 2 comments Yugocean

      The CFTC's anguish is beginning to surface just two weeks after the Bitcoin Spot ETF received US SEC approval.   CFTC losing its BTC "Commodity"      A while back, SEC Chairman Gary Gensler proclaimed Bitcoin to be a commodity. The CFTC penal...

SEC X Hack and Bitcoin ETF approval Drama

10 Jan 2024 1 minute read 2 comments Yugocean

     SEC's X account hack provided honey to bears and paddy to bulls in the Bitcoin market, which has also spoiled the mantle health of Gary Gensler.   Hack Drama      At 4:11 p.m. US time, the SEC's official X account declared the approval of all E...

SEC has withdrawn the famous Ripple case

21 Oct 2023 1 minute read 3 comments Yugocean

     The US Securities and Exchange Commission has withdrawn its lawsuit against Ripple and its officials, making Ripple the winner. Surrendered to Ripple      Ripple miraculously won its three-year legal battle with the SEC; the SEC's appeal again...

SEC fighting against itself

7 Oct 2023 1 minute read 4 comments Yugocean

     The US SEC has become a desperate agency, and in desperation, it is knowingly overstepping its bounds, which could be bad not only for Gary but for the agency as a whole. Loss against crypto      Ever since the Hinman Speech came out, the SEC h...

Valkyrie starts Ethereum Futures ETF

29 Sep 2023 1 minute read 8 comments Yugocean

     Nashville-based asset manager Valkyrie Investment starts the first Ethereum Futures ETF (Exchange-Traded Fund), opening up new ways for crypto in Wall Street and SEC madness. Crypro Attractiion of Wall Street      After BTC ETF, the ETH ETF is...

SEC strikes the sinking Binance US

16 Sep 2023 1 minute read 3 comments Yugocean

     The SEC accuses Binance US of using its unregistered custody arm, Ceffu, to move assets overseas; this has hit Binance hard this time.   Question on Ceffu and Custody      Ceffu is a custody and liquidity subsidiary of an EU-registered entity,...

Defunct LBRY returns to file First Circuit appeal against SEC

9 Sep 2023 1 minute read 5 comments Yugocean

     The crypto sector's recent Victories in the SEC lawsuits has breathed new life into the defunct blockchain-based file-sharing and payments network LBRY.  SEC Lawsuit against LBRY    The SEC charged LBRY, Inc. in March 2021. The company was sue...

US Court gave strong message by dismissing lawsuit against Uniswap

1 Sep 2023 1 minute read 4 comments Yugocean

     Judge Katherine Polk Failla, the federal judge of the South District of New York court, has dismissed a class action lawsuit against Uniswap, this will create  more changes. Decentralised platform is Not Guilty      The lawsuit charged Uniswap...

Upheaval in US politics after Grayscale's victory over the SEC

31 Aug 2023 1 minute read 1 comment Yugocean

     The United States Securities and Exchange Commission has tasted a big defeat in the Grayscale lawsuit, and this has profided fodder to the United States Politics. US presidential candidates turn bullish on bitcoin      Crypto has already influ...