Grayscale Investments CEO Michael Sonnenshein predicted that the stage is now set for "an environment around crypto that we haven’t seen before" after what he called an "overwhelming victory" this week over the Securities and Exchange Commission.
A three-judge panel of the District of Columbia Court of Appeals in Washington said Tuesday the SEC was "arbitrary and capricious" when it denied an application from Grayscale to convert its Grayscale bitcoin trust (GBTC) into a spot bitcoin exchange-traded fund.
Source - yahoo finance.
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