Tag: SEC

Pudgy Penguins (PENGU) surged over 15% in a single day, outperforming most memecoins and broader crypto markets

By ItalianCannon Key Points: Trading volume exploded by 220%, surpassing $1 billion in a matter of hours. The rally coincided with Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he signaled possible rate cuts in September. Despite strong momentum, technical indicators suggest PENGU remains in a corrective phase, trading within a defined channel. […]

New SEC Commissioner Says Most Crypto Tokens Aren’t Securities

By Emir Abyazov Key highlights: New SEC chief says most crypto tokens likely aren’t securities Promises regulatory reform to support blockchain innovation Launches crypto project aimed at modernizing securities law Most tokens aren’t securities, says SEC commissioner In a significant departure from past policy, SEC Commissioner Paul Atkins stated that “very few” cryptocurrency tokens are […]