In a significant development, the U.S. Securities and Exchange Commission (SEC) has chosen not to challenge a previous court decision that deemed its rejection of Grayscale Investments' request to launch a spot Bitcoin ETF as unfair. This surprising decision, which comes from a source knowledgeable about the matter, suggests a potential change in how regulators view cryptocurrency products.
Back in August, the District of Columbia Court of Appeals thoroughly examined and overturned the SEC's initial refusal of Grayscale's proposed Bitcoin ETF. This case had drawn keen attention from the financial industry, which has been eagerly pushing for such initiatives for the past decade. The court's ruling asserted that the SEC had made a mistake in its judgment, pushing the regulatory agency to reconsider Grayscale's application.
A spot
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First found on: Grayscale's Court Victory: Opening Doors to Bitcoin ETFs
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