The U.S. Court of Appeals for the D.C. Circuit ruled that the SEC had failed to justify its rejection of the Grayscale spot ETF, particularly in light of approvals given to ETF applications.
The SEC's deadline to appeal passed last week with no action from the commission, triggering a seven-day window for the court to issue the formal mandate confirming its decision.
The U.S. Securities and Exchange Commission has elected not to appeal a court decision ordering it to reconsider its denial of Grayscale's ETP application, as it allowed the deadline for the move to pass.
SEC Chair Gary Gensler attended a House hearing, where he was slammed for "choking off" the digital asset sector, quizzed about BTC, spot ETPs, and ongoing court cases against exchanges.
In the letter sent to SEC Chair Gary Gensler, four U.S. lawmakers urged the commission to end its alleged discriminatory stance against spot ETPs and call for the immediate approval of the listing.
BTC has given back almost all of the gains from Grayscale’s victory over the SEC, where a federal court ordered the securities regulator to reconsider its decision to deny a proposed spot BTC ETP.
Grayscale regains hope following a court order urging the U.S. Securities and Exchange Commission to take another look at its BTC ETF application, citing the lack of adequate explanation for its earlier rejection.
The digital asset market has its optimism renewed following BlackRock's application to start a spot BTC ETF, but with ETFs' grim history with the SEC, this could prove to be a long shot for the firm.
Filecoin Trust is an investment vehicle owned by Grayscale which solely invests in the Filecoin digital asset, offering investors exposure to the underlying coin without owning it directly.
Jenner & Block attorney Shoba Pillay, the bankruptcy court-appointed examiner of the collapsed Celsius crypto lending platform, released a 689-page report into the history of the Celsius fraud.
The SEC first shot down the ETF application by Ark and 21Shares in March 2022, and though they refiled in May, the regulator still shot it down.