SEC delays BTC ETF decision, Grayscale triumphs over SEC and BitBoy gets the boot: Hodler’s Digest, Aug. 27 – Sept. 2
Crypto asset manager Grayscale Investments recently scored a big win in its battle against the United States Securities and Exchange Commission.
In an ongoing effort to convert its Grayscale Trust (GBTC) into a Bitcoin exchange-traded fund (ETF), the U.S. appeals court judge accepted Grayscale’s argument that the SECs rejection of its recent ETF application was unfair. The SEC had alleged that the GBTC didnt have enough safe practices and fraud protection in place.
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