Grayscale Has Hope To Win SEC Lawsuits
Grayscale management had always contended that the SEC made an arbitrary decision when it approved Bitcoin futures. The complaint comes as the crypto industry becomes more upset with the SEC’s assault on digital asset services. There is suspicion that SEC insiders are losing grasp on the litigation after the Securities and Exchange Commission’s (SEC) grilling on its decision on the Grayscale spot Bitcoin ETF application.
Andrew, a Twitter user, claimed insider sources in the SEC indicating Grayscale is winning the ongoing litigation, which might be a welcome development for the crypto market. He said that the SEC would allow spot Bitcoin ETFs or prohibit Bitcoin futures ETFs. Grayscale’s management had long argued that the SEC made an arbitrary choice when it approved Bitcoin futures contracts. The corporation argued in its opening arguments before the District of Columbia Court of Appeals that the agency was unjust in its case. The lawsuit comes as the crypto sector has become more frustrated with the SEC’s assault on digital asset offerings.
Source
https://t.me/Crypto_Futures_Trading
