Episode Details

07th Feb : Crypto & Coffee at 8

🔥#ETH Spot ETF From delayed by SEC 🚨US Treasury Secretary stablecoins pose a risk ❗ Ripple 🆚 SEC update, Hyperverse founder — $1.7B fraud charge

🔴 The U.S. Securities and Exchange Commission (SEC) has postponed its decision on approving or denying spot Ethereum exchange-traded funds (ETFs) from Invesco US and Galaxy Digital Official info here http://tinyurl.com/4yhytyvf

💯 James Seyffart, CFA, CAIA mentioned via Twitter (Now X) The only date that matters for spot #ethereum ETFs at this time is May 23rd. His tweet/x here http://tinyurl.com/49u79ena

🔥 Janet Yellen, the U.S. Department of the Treasury Secretary, believes that stablecoins should be regulated by a federal authority instead of leaving it up to individual states. She’s concerned that stablecoins could cause problems for the US financial system. There isn’t a single federal agency overseeing these digital currencies, which she thinks is risky. Yellen suggests giving a federal regulator the power to decide whether or not a company should be allowed to issue stablecoins. We at Blockchain DXB 100% as stablecoin issues do not follow the principles of Open Blockchain and stable coin issues are replacing the role of a bank and act a central entity. Check out our Crypto & Coffee at 8 podcasts we share our in-depth commentary on this

❗ She also pointed to the U.S. Commodity Futures Trading Commission, saying it had no “supervisory regulatory authority” over spot market commodities related to Bitcoin. Full info via YouTube here http://tinyurl.com/c2xdwp72

💥 Ripple 🆚 Security Exchange Commission

A federal judge has ordered Ripple to provide financial documents to the SEC, including statements from 2022 to 2023 and contracts related to institutional sales. This is to determine if XRP should be considered a security. Ripple has until February 12th to comply.

- The SEC aims to use these documents to counter Ripple’s claims that its actions have been in compliance with the court’s initial filing.

- The SEC strongly believes that these documents are crucial for determining whether XRP should be classified as a security.

🚨 Hyperverse Founder Charged With Fraud, Was Promoting a New Crypto Project Hours Later

-Sam Lee, the founder of the HyperVerse crypto pyramid scheme accused of misappropriating $1.7 billion, is promoting a new crypto project called VEND just hours after being charged by the SEC. VEND is a livestream platform where participants can promote their crypto projects to potential investors, with viewers earning rewards for watching and subscribing. The projects on VEND often rely on