Yugocean SEC

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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...

US Court rules against SEC in GBTC case

30 Aug 2023 1 minute read 1 comment Yugocean

     The US Federal Court has weakened the SEC in front of the crypto world by ruling in favour of Grayscale BTC (GBTC) case vs the US SEC. Winner Grayscale      For a long time, Grayscale has been urging the SEC to allow it to convert its Bitcoin...

SEC upset as Coinbase registered with CFTC as FCM firm

21 Aug 2023 1 minute read 0 comments Yugocean

     Coinbase has thrown out a bizarre challenge to the SEC by registering with the CFTC as an FCM (Futures Commission Merchant). FCM Coinbase      Registering with the commodities regulator CFTC, Coinbase has become the first crypto firm to receiv...

SEC Down against Strong but Not out against Weak

11 Aug 2023 1 minute read 4 comments Yugocean

     The arrogance of the SEC is falling in the present circumstances, but it looks like a sign of desperation, and the SEC is in a quandary.  Giggle on Coinbase      Since the SEC does not have any clear regulation, it has given the Coinbase case a...

SEC is preparing to Overturn the Ripple Case

17 Jul 2023 1 minute read 2 comments Yugocean

     Gary led US Securities and Exchange Commission (SEC) is not ready to accept the defeat in Ripple case. The defeat in Ripple case might end the arbitrariness of SEC in crypto sector, so SEC is trying to reverse the decision of Ripple case. SEC t...

Gary Gensler's Replacement Rumour Greens The Crypto Market

18 Jun 2023 1 minute read 5 comments Yugocean

     For some reason, the rumour of replacing the infamous US SEC chief Gary Gensler has had a very positive effect on the crypto market, where suddenly bulls jumped after fighting the bears. There Are Big Reasons For The Rumour      The rumour of...