Grayscale Investments, the world’s largest digital currency asset manager, has filed a lawsuit against the U.S. Securities and Exchange Commission challenging the securities regulator’s decision to reject its application to convert the Grayscale Bitcoin Trust to a spot bitcoin exchange-traded fund .Grayscale Investments filed a “petition for review” Wednesday challenging the decision by the U.S.
Sonnenshein commented: “We are deeply disappointed by and vehemently disagree with the SEC’s decision to continue to deny spot Bitcoin ETFs from coming to the U.S. market.” He added: Donald B. Verrilli Jr., Grayscale’s senior legal strategist and former U.S. solicitor general, detailed:
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There is no need for all of us to do our analysis about the market, because the analysis of none of us makes us the CEO of Binance, Bitcoin, and other coins, which value is missing. They are doing their job, stealing people's money and waiting for people's purchases.
I'll tell you a secret but don't tell anyone. A while ago a meeting with cftc, Hoskinson and senators ended up being pro crypto over all, an outcome was that cftc needs more staff to regulate crypto under their authority. Sec is being sued, I see a switch in power for BTC ETF 🤫
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The bigger the state, the smaller the citizens... In other words, sec is using taxpayers money to make taxpayers life harder. Few understand this.
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SEC Rejects Grayscale’s Spot Bitcoin ETF ApplicationBREAKING: The SECNews has rejected Grayscale’s application to convert the massive Grayscale Bitcoin Trust into an ETF. mikeybellusci reports SecNews Grayscale mikeybellusci Yum yum lawsuit coming SecNews Grayscale mikeybellusci RIP. SecNews Grayscale mikeybellusci I'll approve unlimited products to short btc though. Also, I'll basically do anything the highest bidder wants. Grayscale 's offer was just too low to accept.
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