Grayscale CEO Says Company's Lawyers Working With US SEC
Also Read: Bloomberg Analysts Up U.S. Spot Bitcoin ETF Approval Odds To 75% advertisement In the interview, Sonnenshien mentions the unanimous voting by all three judges who ruled in favor of Grayscale ‘s ETF and that the SEC must vacate its denial order on the Spot ETF. The CEO was open to mentioning how the legal battle started and how Grayscale took the SEC to court. In the interview, Sonnenshien says how the SEC would violate its mandate and also talks about the future plans of Grayscale. What Caused Grayscale To File A Case Against The SEC? Last June, Grayscale decided to convert its Bitcoin Trust GBTC into an ETF and filed an application for the same with the SEC. When the SEC declined the application, Grayscale chose to take the legal route by seeking help from the Judicial system of the United States. After going through several briefs and arguments to reach a consensus, it took over a year of strenuous legal battle with the SEC for relief. The judges v