Welcome to this week's episode of Yahoo Finance's The Crypto Mile. Today, we are joined by Lory Kehoe, former Coinbase director, head of Blockchain Ireland and adjunct professor at Trinity College Dublin. Lory is here to discuss Grayscale's recent legal victory over the SEC concerning their proposed spot Bitcoin ETF.
And thirdly, it's also about credibility, trust, legitimacy. The SEC is a very reputable agency and entity and therefore if it was to give its kind of stamp of approval for this, it means that people are going to think, well, if they say it's OK and I'm actually going to purchase this or be more likely to purchase this financial product.
And this goes back to one of the core mandates of the SEC and regulators around the world, which is investor protection and how do they maintain financial oversight and how do they protect investors. And they're the kind of main focal points of the SEC. So market manipulation is something that they're trying to get on top of.
And with it, future ETFs, there are risks around leverage, but also, I guess, volatility, which is applicable to most crypto instruments I think also futures are deemed to be more complex and harder to understand, harder to use.
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