Grayscale Files Lawsuit Against SEC Over Spot Bitcoin ETF Rejection – Finance Bitcoin News

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Grayscale has filed a lawsuit against the SEC over the regulator's decision to reject its spot bitcoin ETF application. $BTC crypto cryptocurrency

Grayscale Investments, the world’s largest digital currency asset manager, has filed a lawsuit against the U.S. Securities and Exchange Commission challenging the securities regulator’s decision to reject its application to convert the Grayscale Bitcoin Trust to a spot bitcoin exchange-traded fund .Grayscale Investments filed a “petition for review” Wednesday challenging the decision by the U.S.

Sonnenshein commented: “We are deeply disappointed by and vehemently disagree with the SEC’s decision to continue to deny spot Bitcoin ETFs from coming to the U.S. market.” He added: Donald B. Verrilli Jr., Grayscale’s senior legal strategist and former U.S. solicitor general, detailed:

 

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