Latest news with #USSEC
Economic Times
a day ago
- Business
- Economic Times
US SEC yet to serve legal documents to Gautam Adani, his nephew in alleged $265 million bribery case
The US SEC is actively working to serve legal documents to Gautam Adani and his nephew Sagar in India, concerning a securities case filed in November 2024. The case alleges false statements related to a bond offering by Adani Green Energy Ltd. The SEC is pursuing service through the Hague Service Convention, as the defendants are based in India. Tired of too many ads? Remove Ads The US Securities and Exchange Commission (SEC) has filed a status update with a federal court in New York, detailing its ongoing efforts to serve legal documents to billionaire Gautam Adani and his nephew Sagar in connection with a civil securities case filed last a June 27 letter submitted to Magistrate Judge James R Cho of the US District Court for the Eastern District of New York (EDNY), the SEC said it is continuing to pursue formal service of the summons and complaint under the provisions of the Hague Service defendants, who are based in India, are yet to be officially SEC has to serve the summons to Adani Group founder and chairman Gautam Adani and his nephew Sagar in the alleged USD 265 million payoffs to win lucrative renewable power supply contracts, through proper diplomatic channels as it has no jurisdiction to summon a foreign national SEC originally filed the complaint on November 20, 2024, alleging that two violated US securities laws by making false and misleading statements related to a September 2021 bond offering by Adani Green Energy Ltd According to the SEC, Rule 4 (f) of the Federal Rules of Civil Procedure governs service in foreign jurisdictions and permits the use of international treaties, such as the Hague Convention. The rule does not impose a specific time limit for service, provided reasonable efforts are being made.
India Today
2 days ago
- Business
- India Today
US Bitcoin Reserve signals a shift: An opening for India
The US Strategic Bitcoin Reserve, launched in January 2025 under President Donald Trump, has elevated digital assets to a global stage. Valued at more than $20 billion as of June 2025, it underscores Bitcoin's emerging role as a store of India, this shift invites reflection: could Bitcoin, thoughtfully integrated, enhance our economic toolkit?The US initiative currently repurposes 200,000 seized Bitcoins as a buffer against inflation, a strategy cemented by last month's White House Crypto Summit with clearly articulated plans to buy more Bitcoin by exploring budget-neutral Thereby, expanding its Bitcoin reserve holdings in the coming times without hurting the US states have now passed legislation authorising the deployment of public funds to purchase and hold Bitcoin as a reserve asset, with more expected to measures reflect a growing recognition of Bitcoin's potential to bolster fiscal resilience and serve as a hedge in uncertain economic isn't a reckless pivot, it's a calculated step toward embracing digital assets' legitimacy. For India, observing this offers a lens to assess whether Bitcoin could diversify our reserves, complementing traditional holdings in an uncertain global & BITCOIN: A REGIONAL PERSPECTIVE FOR INDIABhutan provides a regional perspective. Since 2021, it has mined Bitcoin with hydropower, amassing a $1 billion-plus reserve by May 2025. Born from tourism's decline, this approach now supports public services and sustainability with its renewable energy capacity, has the full scale of capability to adapt this model, though scale and regulation pose distinct challenges. Bhutan's success suggests digital assets can stabilise economies, a point worth MAKES BITCOIN STAND OUT?Bitcoin stands apart as an asset without an issuer—a commodity, not a security, as the US SEC now recognises. Like gold, it has no central authority; no government, bank, or company controls it. This decentralisation is its bedrock, setting the stage for three defining traits: scarcity, liquidity, and 21 million Bitcoins will ever exist, which, unlike traditional currencies or even assets like stocks, bonds, or commodities that face oversupply and hence inflation, has a fixed mirrors gold's finite nature but operates at digital speed. Bitcoin trades globally 24/7, offering liquidity unmatched by most decentralised assets; gold, by contrast, sits static in vaults or jewellery, less fluid in daily its blockchain—a public, tamper-proof ledger—makes every single transaction verifiable to anyone, reducing the opacity that often clouds traditional qualities echo gold's appeal: a trusted store of value beyond any single entity's grasp. Yet Bitcoin transcends it, digital and dynamic where gold is physical and inert. At $100,000+ today, it's this blend—gold's scarcity with digital fluidity—that earns it the 'digital gold' label by many including the White an intuitive shorthand: finite and reliable like metal, but built for a borderless, tech-driven also stands out because of its programmability and portability. It can move at the speed of the internet, settle transactions with verification but, without intermediaries, and be stored securely with modern cryptography-based an increasingly digital and decentralised world, it aligns with how the next generations are thinking about money and ROLE OF REGULATIONRegulation remains pivotal. India's crypto policy—taxed but unregulated—needs clarity to unlock potential. During its G20 presidency in 2023, India chaired the formation of a crypto working group with the IMF, tasked with shaping global standards. While its recommendations will take their due course, we are seeing other jurisdictions including Russia, China, and Brazil from the BRICS, and other G20 nations led by the US, race ahead—not pausing for IMF's recent classification of Bitcoin as a capital asset further sharpens the need for direction. Clear regulation could bring both transparency and the required oversight to this emerging asset class—enabling responsible innovation while protecting a rising investor is essential for fostering institutional confidence and building a framework where Bitcoin can play a meaningful role in India's macroeconomic stands at a pivotal juncture. A measured Bitcoin strategy—perhaps a reserve pilot—could strengthen economic resilience and project modernity. As the US advances and nations like Bhutan adapt, India has a unique opportunity to lead.(Pradeep Bhandari is a national spokesperson of the Bharatiya Janata Party. Views expressed are personal.)- EndsMust Watch
Korea Herald
2 days ago
- Business
- Korea Herald
USSEC Advances Aquaculture Feed Formulation in Southeast Asia
Annual workshop highlights U.S. Soy's role in sustainable aquafeeds PATTAYA, Thailand, June 26, 2025 /PRNewswire/ -- The U.S. Soybean Export Council (USSEC) successfully hosted the 11 th Annual Southeast Asia Aquaculture Feed Formulation Workshop from May 18–21, 2025, in Pattaya, Thailand. The event brought together commercial aquafeed formulators and global experts to strengthen regional collaboration and further train participants on commercially applicable approaches to designing high-quality, nutritionally targeted feed formulations that meet the industry's needs for profitable and efficient aquaculture production. Aquaculture remains the fastest-growing segment of the feed industry, and Southeast Asia is a major contributor to global fishery production, generating 22% of the world's output [1]. As aquaculture continues to expand to meet rising demand, feed formulators are playing an increasingly important role in developing high-quality, cost-effective, and sustainable solutions—an area where U.S. Soy offers proven value and performance. U.S. Soy: A Sustainable Aquafeed Solution Soy is now the most widely used plant-based protein in aquafeed, and U.S. Soy offers a scalable, sustainable alternative to fishmeal—reducing reliance on marine resources while maintaining performance. U.S. Soy consistently demonstrates high digestibility, a balanced amino acid profile, and lower carbon footprints than soy from other origins. Participants in the workshop examined ingredient sustainability metrics and used a simulated commercial formulation environment to evaluate cost-effectiveness and environmental impact. "As aquaculture in Southeast Asia grows more sophisticated, there's increasing demand for reliable, high-quality protein sources that support feed efficiency and sustainability," said Lukas Manomaitis, Technical Director – Aquaculture, USSEC Southeast Asia & Oceania, and lead at this event. "U.S. Soy is well-positioned to meet that need—with consistent nutritional quality, a verified sustainability profile, and strong technical support. It's now a key ingredient driving resilient and innovative aquaculture production." Building Regional Expertise Now in its 11 th year, the three-day workshop trained participants from Indonesia, Malaysia, Myanmar, the Philippines, Thailand, and Vietnam in hands-on formulation sessions using real-world data to simulate commercial environments. These exercises demonstrated the value of U.S. Soy in building high-performance, sustainable feed while navigating a complex and evolving ingredient landscape. With technical presentations and group formulation simulations, the workshop addressed practical considerations such as ingredient cost variability, supply chain factors, and environmental impacts. Conversations throughout the workshop reinforced the growing need for sustainable plant protein, like soy, as the top ingredient choice for aquafeeds. With feed accounting for a significant portion of production costs, optimizing formulations with responsibly sourced ingredients like U.S. Soy is critical for both performance and long-term environmental stewardship. Global Insights, Regional Impact This year's event featured leading aquaculture nutritionists, including Dr. Dominique Bureau, USSEC's Aqua Nutrition and Feed Specialist and Dr. Brett Glencross, Technical Director at IFFO - The Marine Ingredients Organisation, alongside a large global panel of formulators and topic experts. Philip Good, Mississippi soybean farmer and Chair of the United Soybean Board (USB), emphasized how U.S. farmers are committed to producing high-quality soy using sustainable practices that support the evolving needs of sectors like aquaculture. Other topics ranged from functional feed development and nutrient optimization to sustainability assessments in feed formulation. "Through long-term partnerships and targeted technical support, USSEC is proud to support Southeast Asia's aquaculture sector with the knowledge, and resources needed to advance sustainable growth," said Timothy Loh, Regional Director, Southeast Asia & Oceania, USSEC. As aquaculture continues to evolve globally, practical formulation tools and shared technical expertise are key to improving feed strategies. USSEC remains committed to working alongside Southeast Asia's feed formulators to support more efficient and responsible aquaculture practices. This press release is funded in part by the soy checkoff. About the U.S. Soybean Export Council (USSEC): The U.S. Soybean Export Council (USSEC) focuses on differentiating, elevating preference, and attaining market access for the use of U.S. Soy for human consumption, aquaculture, and livestock feed in 93 countries internationally. USSEC members represent the soy supply chain including U.S. Soy farmers, processors, commodity shippers, merchandisers, allied agribusinesses, and agricultural organizations. USSEC is funded by the soy checkoff, USDA Foreign Agricultural Service matching funds, and industry. Visit for the latest information and news about USSEC and U.S. Soy internationally.
Associated Press
2 days ago
- Business
- Associated Press
USSEC Advances Aquaculture Feed Formulation in Southeast Asia
Annual workshop highlights U.S. Soy's role in sustainable aquafeeds PATTAYA, Thailand, June 26, 2025 /PRNewswire/ -- The U.S. Soybean Export Council (USSEC) successfully hosted the 11th Annual Southeast Asia Aquaculture Feed Formulation Workshop from May 18–21, 2025, in Pattaya, Thailand. The event brought together commercial aquafeed formulators and global experts to strengthen regional collaboration and further train participants on commercially applicable approaches to designing high-quality, nutritionally targeted feed formulations that meet the industry's needs for profitable and efficient aquaculture production. Aquaculture remains the fastest-growing segment of the feed industry, and Southeast Asia is a major contributor to global fishery production, generating 22% of the world's output[1]. As aquaculture continues to expand to meet rising demand, feed formulators are playing an increasingly important role in developing high-quality, cost-effective, and sustainable solutions—an area where U.S. Soy offers proven value and performance. U.S. Soy: A Sustainable Aquafeed Solution Soy is now the most widely used plant-based protein in aquafeed, and U.S. Soy offers a scalable, sustainable alternative to fishmeal—reducing reliance on marine resources while maintaining performance. U.S. Soy consistently demonstrates high digestibility, a balanced amino acid profile, and lower carbon footprints than soy from other origins. Participants in the workshop examined ingredient sustainability metrics and used a simulated commercial formulation environment to evaluate cost-effectiveness and environmental impact. 'As aquaculture in Southeast Asia grows more sophisticated, there's increasing demand for reliable, high-quality protein sources that support feed efficiency and sustainability,' said Lukas Manomaitis, Technical Director – Aquaculture, USSEC Southeast Asia & Oceania, and lead at this event. 'U.S. Soy is well-positioned to meet that need—with consistent nutritional quality, a verified sustainability profile, and strong technical support. It's now a key ingredient driving resilient and innovative aquaculture production.' Building Regional Expertise Now in its 11th year, the three-day workshop trained participants from Indonesia, Malaysia, Myanmar, the Philippines, Thailand, and Vietnam in hands-on formulation sessions using real-world data to simulate commercial environments. These exercises demonstrated the value of U.S. Soy in building high-performance, sustainable feed while navigating a complex and evolving ingredient landscape. With technical presentations and group formulation simulations, the workshop addressed practical considerations such as ingredient cost variability, supply chain factors, and environmental impacts. Conversations throughout the workshop reinforced the growing need for sustainable plant protein, like soy, as the top ingredient choice for aquafeeds. With feed accounting for a significant portion of production costs, optimizing formulations with responsibly sourced ingredients like U.S. Soy is critical for both performance and long-term environmental stewardship. Global Insights, Regional Impact This year's event featured leading aquaculture nutritionists, including Dr. Dominique Bureau, USSEC's Aqua Nutrition and Feed Specialist and Dr. Brett Glencross, Technical Director at IFFO - The Marine Ingredients Organisation, alongside a large global panel of formulators and topic experts. Philip Good, Mississippi soybean farmer and Chair of the United Soybean Board (USB), emphasized how U.S. farmers are committed to producing high-quality soy using sustainable practices that support the evolving needs of sectors like aquaculture. Other topics ranged from functional feed development and nutrient optimization to sustainability assessments in feed formulation. 'Through long-term partnerships and targeted technical support, USSEC is proud to support Southeast Asia's aquaculture sector with the knowledge, and resources needed to advance sustainable growth,' said Timothy Loh, Regional Director, Southeast Asia & Oceania, USSEC. As aquaculture continues to evolve globally, practical formulation tools and shared technical expertise are key to improving feed strategies. USSEC remains committed to working alongside Southeast Asia's feed formulators to support more efficient and responsible aquaculture practices. This press release is funded in part by the soy checkoff. About the U.S. Soybean Export Council (USSEC): The U.S. Soybean Export Council (USSEC) focuses on differentiating, elevating preference, and attaining market access for the use of U.S. Soy for human consumption, aquaculture, and livestock feed in 93 countries internationally. USSEC members represent the soy supply chain including U.S. Soy farmers, processors, commodity shippers, merchandisers, allied agribusinesses, and agricultural organizations. USSEC is funded by the soy checkoff, USDA Foreign Agricultural Service matching funds, and industry. Visit for the latest information and news about USSEC and U.S. Soy internationally. View original content to download multimedia: SOURCE U.S. Soybean Export Council (USSEC)
CTV News
3 days ago
- Business
- CTV News
B.C. Appeal Court upholds US$30M fraud judgment against West Vancouver man
The Law Courts building, which is home to B.C. Supreme Court and the Court of Appeal, is seen in Vancouver, on Thursday, November 23, 2023. THE CANADIAN PRESS/Darryl Dyck The B.C. Court of Appeal has upheld a US$30 million court judgment against a West Vancouver man alleged by the U.S. government to be the 'mastermind' of a years-long securities fraud. The ruling says the U.S. Securities and Exchange Commission originally sued Frederick Sharp and others in a Massachusetts court in 2021, and won a default judgment that was recognized by the B.C. Supreme Court last year. The Appeal Court ruling says Sharp contested the judgment, claiming he had no 'real and substantial connection' to Massachusetts and also arguing he hadn't been properly served with documents related to the case. The lower court had rejected Sharp's arguments, finding they would 'possibly allow complex international fraud schemes to avoid accountability' if cases were spread across different jurisdictions. The Appeal Court ruling says the commission provided evidence that Sharp was 'evading' service of the case documents, and the lower court correctly found 'ample evidence' that documents were delivered to Sharp's West Vancouver address. The appeal ruling released Wednesday says Sharp tried to use expert evidence to show he wasn't 'validly' notified of the U.S. judgment, evidence the commission called an 'irrelevant sideshow.' This report by Darryl Greer, The Canadian Press, was first published June 25, 2025.
